LOS ANGELES--(BUSINESS WIRE)--Glancy Prongay & Murray LLP (“GPM”) announces an investigation on behalf of investors of LPL Financial Holdings Inc. (“LPL” or the “Company”) (NASDAQ: LPLA) concerning the Company and its officers’ possible violations of federal securities laws.
The investigation concerns whether the Company misled investors that its revenues were declining. On February 11, 2016, LPL announced that its full year 2015 financial results were well below expectations. These poor results were primarily due to lower commission revenues, higher-than-expected expenses and lower revenues from alternative investments.
On this news, shares of LPL fell over 30% on February 12, 2016, to close at just $16.50 per share.
GPM represents investors in securities class actions throughout the country, and has recovered millions of dollars on behalf of investors.
If you purchased LPL securities, have information or would like to learn more about these claims, or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Lesley Portnoy, Esquire, of GPM, 1925 Century Park East, Suite 2100, Los Angeles, California 90067 at 310-201-9150, Toll-Free at 888-773-9224, by email to email@example.com, or visit our website at http://www.glancylaw.com. If you inquire by email please include your mailing address, telephone number and number of shares purchased.
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