{"id":88586,"date":"2023-04-20T05:35:29","date_gmt":"2023-04-20T05:35:29","guid":{"rendered":"http:\/\/kuwaitnewsgazette.com\/?guid=1c05b91d63c06f1a422df50e092ec83a"},"modified":"2023-04-20T05:35:29","modified_gmt":"2023-04-20T05:35:29","slug":"lpla-investor-news-rosen-a-globally-recognized-firm-encourages-lpl-financial-holdings-inc-investors-to-inquire-about-class-action-investigation-lpla","status":"publish","type":"post","link":"https:\/\/kuwaitnewsgazette.com\/lpla-investor-news-rosen-a-globally-recognized-firm-encourages-lpl-financial-holdings-inc-investors-to-inquire-about-class-action-investigation-lpla\/","title":{"rendered":"LPLA INVESTOR NEWS: ROSEN, A GLOBALLY RECOGNIZED FIRM, Encourages LPL Financial Holdings Inc. Investors to Inquire About Class Action Investigation \u2013 LPLA"},"content":{"rendered":"
\n

NEW YORK, April 19, 2023 (GLOBE NEWSWIRE) —<\/p>\n

WHY: <\/strong>Rosen Law Firm, a global investor rights law firm, announces an investigation of potential securities claims on behalf of shareholders of LPL Financial Holdings Inc. (NASDAQ: LPLA) resulting from allegations that LPL Financial may have issued materially misleading business information to the investing public.<\/p>\n

SO WHAT:<\/strong> If you purchased LPL Financial securities you may be entitled to compensation without payment of any out of pocket fees or costs through a contingency fee arrangement. The Rosen Law Firm is preparing a class action seeking recovery of investor losses.<\/p>\n

WHAT TO DO NEXT: <\/strong>To join the prospective class action, go to https:\/\/rosenlegal.com\/submit-form\/?case_id=14238<\/a> or call Phillip Kim, Esq. toll-free at 866-767-3653 or email pkim@rosenlegal.com<\/a> or cases@rosenlegal.com<\/a> for information on the class action.<\/p>\n

WHAT IS THIS ABOUT:<\/strong> On March 23, 2023, after market hours, LPL Financial issued a press release entitled \u201cLPL Financial Reports Monthly Activity For February 2023\u201d in which LPL Financial disclosed that its total net new assets plunged 40% to $5.2 billion in February 2023 as opposed to January of 2023. Further, release revealed that LPL Financial\u2019s total advisory and brokerage assets were $1.15 trillion at the end of February 2023, down 1.5% from the end of January 2023. In addition, the release revealed that LPL Financial\u2019s total client cash balances declined from $59.7 billion in January 2023 to $56.2 billion in February 2023, a decline of 5.9%.<\/p>\n

On this news, LPL\u2019s stock price fell $11.88 per share, or 5.8%, to close at $192.00 per share on March 24, 2023.<\/p>\n

WHY ROSEN LAW: <\/strong>We encourage investors to select qualified counsel with a track record of success in leadership roles. Often, firms issuing notices do not have comparable experience, resources, or any meaningful peer recognition. Many of these firms do not actually litigate securities class actions. Be wise in selecting counsel. The Rosen Law Firm represents investors throughout the globe, concentrating its practice in securities class actions and shareholder derivative litigation. Rosen Law Firm has achieved the largest ever securities class action settlement against a Chinese Company. Rosen Law Firm was Ranked No. 1 by ISS Securities Class Action Services for number of securities class action settlements in 2017. The firm has been ranked in the top 4 each year since 2013 and has recovered hundreds of millions of dollars for investors. In 2019 alone the firm secured over $438 million for investors. In 2020, founding partner Laurence Rosen was named by law360 as a Titan of Plaintiffs\u2019 Bar. Many of the firm\u2019s attorneys have been recognized by Lawdragon and Super Lawyers.<\/p>\n

Follow us for updates on LinkedIn: https:\/\/www.linkedin.com\/company\/the-rosen-law-firm<\/a>, on Twitter: https:\/\/twitter.com\/rosen_firm<\/a> or on Facebook: https:\/\/www.facebook.com\/rosenlawfirm\/<\/a>.<\/p>\n

Attorney Advertising. Prior results do not guarantee a similar outcome.<\/p>\n

——————————–<\/p>\n

Contact Information:<\/p>\n

Laurence Rosen, Esq.
\nPhillip Kim, Esq.
\nThe Rosen Law Firm, P.A.
\n275 Madison Avenue, 40th Floor
\nNew York, NY 10016
\nTel: (212) 686-1060
\nToll Free: (866) 767-3653
\nFax: (212) 202-3827
\nlrosen@rosenlegal.com<\/a>
\npkim@rosenlegal.com<\/a>
\ncases@rosenlegal.com<\/a>
\nwww.rosenlegal.com<\/a><\/p>\n

<\/p>\n

GlobeNewswire Distribution ID 8811638<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

NEW YORK, April 19, 2023 (GLOBE NEWSWIRE) \u2014 WHY: Rosen Law Firm, a global investor rights law firm, announces an investigation of potential securities claims on behalf of shareholders of LPL Financial Holdings Inc. (NASDAQ: LPLA) resulting from allegations that LPL Financial may have issued materially misleading business information to the investing public. SO WHAT: [\u2026]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[31],"tags":[],"yoast_head":"\nLPLA INVESTOR NEWS: ROSEN, A GLOBALLY RECOGNIZED FIRM, Encourages LPL Financial Holdings Inc. 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