UPDATE: LPL Financial (LPLA) Said Working with Goldman to Explore Sale

October 11, 2016 3:23 PM EDT

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(Updated - October 11, 2016 3:26 PM EDT)

LPL Financial (NASDAQ: LPLA) gained Tuesday after Reuters reported that the company is working with Goldman Sachs to explore a sale. Shares were halted briefly after spiking higher.

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