LPL Financial terminates CEO Dan Arnold (updated)

LPL Financial Holdings

01/10/2024 21:15

(Adds details from the statement in paragraph 2, 3)
       Oct 1 (Reuters) - LPL Financial Holdings  LPLA.O  said
on Tuesday that it has terminated its CEO Dan Arnold, effective
immediately, for violating the company's code of conduct.
        An investigation by an external law firm found that
Arnold "made statements to employees that violated LPL’s Code of
Conduct," the company said in its statement. 
  
        LPL appointed  Rich Steinmeier as the interim CEO, who
currently holds the post of the company's managing director and
chief growth officer. 
  
        
  
    

 (Reporting by Pritam Biswas in Bengaluru; Editing by Shailesh
Kuber and Mohammed Safi Shamsi)
 ((Pritam.Biswas@thomsonreuters.com;))