LPL Financial Canned Its CEO. What it Means for the Stock.
But recently the company has been hit by a barrage of bad news. On Oct. 1, the company terminated long-serving CEO Dan Arnold for alleged misconduct. Investors are suing LPL over low interest rates on cash sweep accounts. And in a completely separate matter, rival Ameriprise Financial is suing LPL over the company’s recruiting tactics.
LPL fires CEO for allegedly breaking respectful-workplace rules
LPL Financial Holdings Inc.’s stock opened lower Wednesday after the company said it fired Dan H. Arnold as CEO for allegedly violating the financial advice firm’s rules on a respectful workplace.
Broker-dealer LPL fires CEO for breaking firm’s code of conduct
Dan Arnold violated LPL’s “commitment to a respectful workplace,” the company said without further details. He’s ineligible for severance and will forfeit much of his equity awards.
LPL Fires CEO Over Alleged Misconduct. The Stock Is Falling.
The company’s board of directors said it terminated Dan Arnold as CEO and appointed Rich Steinmeier, the company’s chief growth officer, as interim CEO effective immediately.
LPL Financial Stock Slips After CEO Dan Arnold Is Fired
Shares of LPL Financial (LPLA) fell Wednesday morning, after the investment-advisory firm sacked Dan Arnold as chief executive for violating its code of conduct. Read more:
LPL Financial terminates CEO Dan Arnold on code of conduct grounds
LPL Financial Holdings on Tuesday fired its CEO Dan Arnold for violating the company's code of conduct and appointed chief growth officer Rich Steinmeier as the interim chief.
La Jolla-based LPL Financial fires its CEO for violating company’s code of conduct
LPL Financial, a La Jolla-based investment and wealth management services firm, fired its CEO Dan Arnold on Tuesday for making statements to employees that violated the company’s code of conduct. The financial services company said an investigation by outside counsel determined that Arnold made statements to employees that violated LPL’s commitment to a respectful workplace.
LPL Financial falls as CEO terminated for cause
LPL Financial (NASDAQ: NASDAQ:LPLA) shares fell Wednesday after the company announced the immediate termination of President and CEO Dan Arnold after the close on Tuesday. The decision came after an investigation found that Arnold made
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Where LPL Finl Hldgs Stands With Analysts
The standing of LPL Finl Hldgs among financial experts is revealed through an in-depth exploration of recent analyst actions.
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LPL’s Arnold Has Settlement Chance as Steinmeier Called Worthy Successor
Stock analysts are watching for specific details of Dan Arnold’s dismissal while touting Rich Steinmeier’s business growth ...