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If you purchased shares of LPL Financial Holdings Inc (NASDAQ:LPLA) and currently hold any of those NASDAQ:LPLA shares, you have certain options and you should contact the Shareholders Foundation, Inc.
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To have your information reviewed for options and to receive notifications about this investigation, please send an email to mail@shareholdersfoundation.com, or call us at (858) 779-1554.
Investigation Overview
October 30, 2014 (Shareholders Foundation) - An investigation on behalf of current long-term investors in shares of LPL Financial Holdings Inc (NASDAQ:LPLA) shares was announced over potential breaches of fiduciary duties by certain officers and directors at LPL Financial Holdings.
The investigation by a law firm concerns whether certain LPL Financial Holdings officers and directors breached their fiduciary duties and caused damage to the company and its shareholders.
On February 11, 2014, LPL Financial Holdings Inc announced its fourth quarter and 2013 year-end earnings results. LPL Financial Holdings Inc reported that its annual Total Revenue rose from over $3.66 billion in 2012 to over $4.14 billion in 2013 and that its respective Net Income increased from $151.92 million to $181.86 million. Shares of LPL Financial Holdings Inc (NASDAQ:LPLA) grew from $24.75 per share in September 2011 to as high as $55.37 per share in March 2014.
Since then NASDAQ:LPLA shares lost significant value and declined to as low as $38.24 per share on October 22, 2014.
On October 30, 2014, LPL Financial Holdings Inc shares closed at $41.06 per share.
