LPL Financial Canned Its CEO. What it Means for the Stock.
For years, LPL Financial has been on a tear, acquiring rivals, boosting headcount, and adding gobs of assets. The stock price kept rising as the company extended its reach. But recently the company has been hit by a barrage of bad news.
LPL board ends Dan Arnold's run as CEO after investigation
LPL Financial Holdings Inc., one of the largest brokerage firms in the country, said on Tuesday after the market closed its board had “terminated” its CEO, Dan Arnold and replaced him with LPL and industry veteran Rich Steinmeier, currently the company’s managing director, chief growth officer. Steinmeier will be interim CEO, effective immediately.
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
LPL Fires CEO Dan Arnold for Misconduct
LPL Financial says it has fired President and CEO Dan H. Arnold for violating LPL policies tied to “a respectful workplace.” He has also resigned from the board. Rich Steinmeier, the broker-dealer’s chief growth officer and a managing director, is now interim CEO.
LPL Fires CEO Dan Arnold for Violating Code of Conduct
Rich Steinmeier, managing director and chief growth officer, will serve as interim CEO, effective immediately.
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.
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.
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 Fires CEO Over Alleged Misconduct. The Stock Is Falling.
LPL Financial’s board of directors said late Tuesday that it had terminated CEO and President Dan Arnold for making statements to employees that violated the company’s code of conduct.The board said it terminated Arnold for cause on the recommendation of a special committee of directors in the course of an investigation by an outside law firm.
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.
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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 ...
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Analysts Largely View LPL CEO’s Firing as ‘Isolated Incident’
Analysts don’t expect Dan Arnold’s termination to disrupt the day-to-day, and they have confidence in interim CEO Rich ...
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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.
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LPL Terminates CEO Arnold for Violating “Respectful Workplace” Rules
Dan Arnold is out effective immediately for statements made to employees that ran afoul of policy; Rich Steinmeier, chief ...
LPL Financial stock may be volatile short term, but management is solid, analysts say
LPL Financial's CEO exit may impact stock short-term, but interim leadership and CFO support should stabilize the company, ...
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LPL successfully closes Atria acquisition
With the deal finished, the broker-dealer colossus is moving on to the critical task of assimilating roughly 2,400 advisors ...