. Former LPL Broker Is Charged With Stealing From Deceased

A former broker for LPL Financial LLC now stands charged in Georgia with stealing $2 million from six clients, with most of the money coming from retirement savings or life insurance proceeds from dead people.

InvestmentNews reported that Blake Richards was reported to LPL by another broker. The company investigated and fired him the next day, concluding that Richards had been stealing from client accounts. He is now charged in a civil action filed by the Securities and Exchange Commission.