LPL Announces Leadership Transition

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LPL Financial (LPLA) Weakens as CEO Retirement Said to Hint That Sale is Off

December 5, 2016 11:27 AM EST

Rumored takeover target LPL Financial (NASDAQ: LPLA) weakened Monday after it announced that Mark Casady will retire from his role as CEO effective January 3. Dan Arnold, current LPL president, will be president and CEO effective upon Casady's retirement.

SunTrust analyst Doug... More