Vermonters receive $460,000 in restitution from LPL Financial

Michael S. Pieciak, commissioner, announced a settlement May 5, 2017, in which LPL Financial (LPL) will reimburse $460,000 to eight Vermont investors and has paid the state a penalty of about $11,000. The settlement was the result of a multi-state investigation conducted by the North American Securities Administrators Association (NASAA).

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