LPL Financial

Mick Hellman, formerly of Hellman & Friedman, is elected unanimously in advance of LPL's annual shareholder meeting.

In a surprise move on Wednesday, the company went public with its plans to prepare its advisors and financial institutions for the coming regulatory changes.

The broad-based price reductions could force other IBDs out of business, one expert thinks.

LPL's stock buyback proved to be 'sweet' deal for TPG Capital, The New York Times reports.

Brokers' clients received letters from LPL that implied he stole money, over a $20,000 loan he had repaid, lawyer says.

LPL CEO Mark Casady expects "continued pressure on brokerage sales."

The group, Hoyt, Lewis, traces its roots to Waddell & Reed before joining LPL.

Marcato Capital has sold more than 1.6M shares so far in January, according to an SEC filing.