LPL Financial Customers Speak Out on BranchNet Hack
After the SEC recently censured LPL Financial for not protecting their BranchNet trading system from unauthorized access, I wondered how LPL’s customers felt about the company and the safety of their personal information. I recently had the opportunity to speak to a few of their customers and financial advisers.
Julie Murphy Casserly, a Certified [...]
Hacking of LPL Financial’s BranchNet System a Result of “Reckless Disregard”
Earlier this month, LPL Financial agreed to pay a $275,000 penalty to the Securities and Exchange Commission for failing to fix security vulnerabilities that were discovered in a 2006 internal audit of the company’s security controls. The audit identified that the security controls in LPL’s BranchNet trading system were inadequate, and recommended remediation.
After receiving [...]