The Schall Law Firm, a national shareholder rights litigation firm, announced that it is investigating claims on behalf of investors of LPL Financial Holdings Inc. (“LPL” or “the Company”) LPLA for violations of the securities laws.
The investigation focuses on whether the Company issued false and/or misleading statements and/or failed to disclose information pertinent to investors. LPL published its “monthly activity report for February 2023” on March 23, 2023. According to the activity report, the Company’s total net new assets fell sharply by 40% to $5.2 billion in February vs. January of 2023. The Company’s total advisory and brokerage assets fell by 1.5% since the end of January as well. Based on this news, shares of LPL fell by more than 5.8% on the next day.
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We also encourage you to contact Brian Schall of the Schall Law Firm, 2049 Century Park East, Suite 2460, Los Angeles, CA 90067, at 310-301-3335, to discuss your rights free of charge. You can also reach us through the firm’s website at www.schallfirm.com, or by email at [email protected].
The class in this case has not yet been certified, and until certification occurs, you are not represented by an attorney. If you choose to take no action, you can remain an absent class member.
The Schall Law Firm represents investors around the world and specializes in securities class action lawsuits and shareholder rights litigation.
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