On Friday, May 12, LPL Financial’s sustained a system-wide technology outage. A construction crew damaged underground cables that provide critical network connectivity for LPL. The back-up connection experienced an unrelated technical issue and was unable to provide support as planned. As a result, advisors and clients were unable to access LPL’s system. This means clients who wished to buy or sell securities were mostly unable to do so. if this resuled in client losses or missed opportunities for gains, LPL can be sued for this in the FINRA arbitration system. Please call us today for a free consultation at 312-332-4200
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