The state regulator maintained that LPL private REIT sales exceeded concentration limits imposed by the offering prospectus.
Read the full article from InvestmentNews here.
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Regulator Orders LPL to Pay $2M Over REITs
LPL Financial has been ordered by the Massachusetts Security Division to pay investors $2 million in restitution related to selling shares of a private real estate investment trust (REIT), reports InvestmentNews.
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