LPL Financial chief executive officer Mark Casady told an audience of 3,500 advisers at the firm’s annual meeting on Monday that they should be ready for requests for documentation and background following an increase in oversight from securities regulators, Investment News reports.
“We are asking more from you in documentation and background,” Casady said, according to Investment News. “We know your work is outstanding, but we have to show your work to the regulators to make sure we are protecting you, your clients and the firm.”
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