LPL Financial submitted a comment letter with the Securities and Exchange Commission (SEC) regarding Regulation Best Interest and related proposals. In the letter, LPL offers its general support for the SEC’s proposals and efforts to adopt a best interest standard for broker-dealers. LPL shares the SEC’s goal of enhancing investor protection, while also preserving access and choice between advice models and product types, and appreciates having had the opportunity to share its comments and suggestions in support of this common goal.
Read the full SEC comment Letter
Each year, LPL identifies key policy initiatives based on the impact they have to advisors, the firm and the industry. In this podcast, hear from LPL Government Relations leaders Peggy Ho, executive vice president, and Nicole Petrosino, senior vice president, discussing their advocacy work in Washington D.C. and across the country to raise awareness and provide LPL’s position on key issues impacting the financial services industry.
They share why relationships matter in Washington, LPL’s role to affect outcomes on issues such as tax reform and the Senior $afe Act, and how advisors can get involved.
Who We Are
Our Government Relations team is dedicated to advancing LPL Financial’s interests with legislators and regulators in Washington, DC and the 50 states through advocacy and education. Through consistent engagement, and supported by the voice of the LPL Political Action Committee, we are able to position LPL as a recognized thought leader and valued resource on issues affecting the delivery of objective financial guidance and advice. With offices in Washington, DC, Boston, San Diego, Charlotte, and Cleveland, and by leveraging our 50-state network of financial advisors, we are well aligned to meet advisors' needs by addressing critical policy initiatives.