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Thursday, April 16, 2015

LPL Financial Responds to DOL's Proposed Definition of Fiduciary

SAN DIEGO, April 16, 2015 -- LPL Financial LLC, the nation's largest independent broker-dealer*, a custodian for registered investment advisors , and a wholly owned subsidiary of LPL Financial Holdings Inc. , today issued the following statement in response to the Department of Labor's proposed definition of fiduciary: LPL supports the intentions behind the DOL's proposed definition of the term, "fiduciary," and its application to investment advice.



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