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LPL Financial sets aside $18 million for potential US SEC settlement over anti-money laundering compliance failures

( October 30, 2024, 22:35 GMT | Official Statement) -- MLex Summary: LPL Financial Holdings set aside $18 million for a potential settlement with the US Securities and Exchange Commission to resolve a civil investigation into elements of the firm's anti-money laundering compliance program, according to a quarterly earnings report. Under the proposed settlement, LPL Financial would pay an $18 million penalty, the filing said. The firm paid a $50 million civil penalty in August related to a separate SEC probe....

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