458K

OVERSEEN LICENSEES

13%

LICENSE INCREASE IN 5 YRS

204

AVERAGE ACTIVE INVESTIGATIONS

5 DAYS

AVERAGE TO GET LICENSED

OFR to Participate in a $26 Million Multi-State Settlement with LPL Financial LLC

Tallahassee, Fla. – The Florida Office of Financial Regulation today announced that the agency will participate in a settlement with LPL Financial LLC to repurchase from investors certain securities sold since October 2006 and to pay administrative penalties of $499,000 to Florida upon entering the final order.

Interim Commissioner Pamela Epting said, “The Florida Office of Financial Regulation is committed to protecting Floridians and will continue to work with our partners in other states to hold financial services businesses accountable.”

The settlement stems from an investigation led by state securities regulators from Alabama and Massachusetts regarding the failure to establish and maintain reasonable policies and...