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LPL Financial ( (LPLA) ) has issued an announcement.
LPL Financial Holdings Inc. has announced the immediate termination of its President and CEO, Dan H. Arnold, due to conduct violations, also leading to his resignation from the Board. Concurrently, Rich Steinmeier steps in as Interim CEO, bringing extensive experience from his roles at UBS, Merrill Lynch, and as a consultant for McKinsey & Company. Despite the leadership shake-up, LPL continues its commitment to providing advisors and institutions with the support needed to ensure client success and maintain market momentum.
For an in-depth examination of LPLA stock, go to TipRanks’ Stock Analysis page.