Jatheon Email Archiving Blog

Email archiving violations net LPL Financial a $9 million fine

WSJ reported that LPL Financial Holdings was fined $7.5 million by the FINRA, as well as creating a $1.5 million compensation fund for its clients.

This $9 million fine is largest to date, and could have been avoided with a good-faith effort to comply with government legislation. Note here that all that is required is a reasonable endeavour by a corporation to comply, FINRA doesn’t expect a perfect solution and a fine can be avoided by making an effort.

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Tags: email archiving, Finra, email archiving violations, LPL Finanical

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