May 21, 2024


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Matthew Morningstar Joins LPL Financial as EVP, Compliance, Legal & Risk

CHARLOTTE, N.C., Sept. 07, 2021 (Globe NEWSWIRE) — LPL Economical LLC now announced that Matthew Morningstar has joined the organization as govt vice president, Compliance, Lawful & Threat, powerful Sept. 7. In his position, Morningstar has oversight of the firm’s litigation, arbitrations, regulatory issues, and consumer disputes. He reports to Michelle Oroschakoff, LPL main lawful officer and controlling director, Compliance, Lawful & Threat.

“Matt is a confirmed litigator and chief with deep expertise of our industry’s lawful and regulatory surroundings. With his lawful abilities and strategic acumen, he will more empower us to prolong a consumer care technique to our lawful functions and drive beneficial outcomes for our company associates,” explained Oroschakoff. “In addition, Matt understands the energy that will come from diverse groups with multitudes of views and encounters. His steadfast determination to social justice and range conjures up us all. We are self-confident Matt will guide his crew with the same persons-oriented technique and offer substantial assist to LPL’s range and inclusion initiatives. We are exceptionally privileged to have him join the LPL loved ones.”

Morningstar joins LPL from Morgan Stanley, where by he most just lately served as head of Litigation and Regulatory Enforcement for the Investment decision Administration division. Morningstar obtained a bachelor’s diploma from Columbia University and a regulation diploma from Cornell Legislation University. When he’s not doing work, Morningstar devotes his time to activism and civic engagement. He is the co-chair of the Committee to Increase Variety in the Career for the New York Metropolis Bar. In addition, he has been awarded the 2013 Out and Happy Corporate Counsel Award from the Nationwide LGBT Bar Affiliation and the Advisory Council Management Award from the Nationwide Affiliation of Minority and Gals Owned Legislation Corporations.

“I am thrilled to be component of LPL,” Morningstar explained. “I appear ahead to connecting and collaborating with LPL’s Compliance, Lawful and Threat groups, as properly as consumers and colleagues across the business and outside of, to drive strategic excellence in the firm’s lawful functions and contribute to the mission of having care of advisors so they can consider care of their consumers.”

About LPL Economical
LPL Economical (Nasdaq: LPLA) was launched on the theory that the organization must get the job done for the advisor, and not the other way close to. Today, LPL is a chief* in the markets we serve, supporting additional than 19,000 monetary advisors, 800 institution-based mostly financial investment packages and 450 unbiased RIA companies nationwide. We are steadfast in our determination to the advisor-centered product and the belief that Individuals ought to have access to aim guidance from a monetary advisor. At LPL, independence suggests that advisors have the flexibility they ought to have to select the company product, products and services, and technologies resources that allow for them to operate their ideal follow. And they have the flexibility to take care of their consumer interactions, since they know their consumers ideal. Merely put, we consider care of our advisors, so they can consider care of their consumers.

*Best RIA custodian (Cerulli Associates, 2019 U.S. RIA Market Report) No. one Unbiased Broker-Seller in the U.S. (Primarily based on whole revenues, Economical Setting up magazine 1996-2021) No. one supplier of third-get together brokerage products and services to banks and credit unions (2020-2021 Kehrer Bielan Investigation & Consulting Once-a-year TPM Report) Fortune five hundred as of June 2021

Securities and advisory products and services supplied as a result of LPL Economical LLC, an SEC-registered broker-supplier and financial investment advisor. Member FINRA/SIPC. 

During this interaction, the conditions “financial advisors” and “advisors” are utilized to refer to registered reps and/or financial investment advisor reps affiliated with LPL Economical LLC. We routinely disclose facts that might be vital to shareholders in the “Investor Relations” or “Press Releases” part of our website.

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