May 15, 2020 - The case was voluntarily dismissed.

December 12, 2019 - An investigation on behalf of investors of Ladenburg Thalmann Financial Services Inc. (NYSE: LTS) shares over potential securities laws violations by Ladenburg Thalmann Financial Services Inc. and certain of its directors and officers in connection with certain financial statements was announced.

The investigation by a law firm focuses on possible claims on behalf of purchasers of the securities of Ladenburg Thalmann Financial Services Inc. (NYSE: LTS) concerning whether a series of statements by Ladenburg Thalmann Financial Services Inc. regarding its business, its prospects and its operations were materially false and misleading at the time they were made.

Miami, FL base Ladenburg Thalmann Financial Services Inc. operates as a diversified financial services company in the United States.

Ladenburg Thalmann Financial Services Inc. reported that its annual Total Revenue rose from over $1.1 billion in 2016 to over $1.26 billion in 2017 and that its Net Loss of $22.26 million in 2016 turned into a Net Income of $7.69 million in 2017.

On September 7, 2018, the Securities and Exchange Commission (SEC) announced charges against Phillip Frost, the Chairman of Ladenburg Thalmanns Board of Directors, alleging he participated in a scheme to manipulate the stock prices of two microcap companies.

On September 18, 2018, an article published on Seekingalpha.com by Hindenburg Investment Research asserted that the charges against Frost will have a negative impact on Ladenburg Thalmanns business going forward.

Shares of Ladenburg Thalmann Financial Services Inc. (NYSE: LTS) declined from $3.81 per share in May 2018 to as low as $2.32 per share on September 19, 2018.