LPL Financial CEO Dan Arnold sold over 15,000 shares in the company for more than $600,000 two months after taking over the nation’s largest independent broker-dealer, according to SEC filings.

Arnold also received stock options valued at $4.8 million in a series of grants to him and nine other executives following a $2.2 billion round of debt refinancing, LPL disclosed last week. The firm additionally gave eight managing directors and CFO Matthew Audette thousands of shares.

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