Brokerage firm LPL Financial was fined $9 million by The Financial Industry Regulatory Authority for 35 "separate, significant email system failures," as well as for making material
misstatements to regulators during their investigation. LPL is also required to establish a $1.5 million fund to compensate potentially affected clients. This is the largest penalty Finra
has ever handed out for an email violation.
Read the whole story at The Wall Street Journal »