LPL Financial Canned Its CEO. What it Means for the Stock.

For years, LPL Financial has been connected a tear, acquiring rivals, boosting headcount, and adding gobs of assets. The banal terms kept rising arsenic the institution extended its reach.

But precocious the institution has been deed by a barrage of atrocious news. On Oct. 1, the institution terminated long-serving CEO Dan Arnold for alleged misconduct. Investors are suing LPL implicit debased involvement rates connected currency expanse accounts. And successful a wholly abstracted matter, rival Ameriprise Financial is suing LPL implicit the company’s recruiting tactics. 

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