The firm will also continue working with a compliance consultant to strengthen its anti-money laundering policies and procedures. "The settlement relates to recordkeeping and retention issues.

To resolve the SEC’s charges, LPL agreed to pay a civil penalty of $18 million and to implement improvements to its AML policies ... Department Propose Anti-Money Laundering Rule for RIAs ...

The company agreed to pay an $18 million civil penalty to begin improvements to its anti-money laundering policies and procedures. It also agreed to a censure and a cease-and-desist order without ...