Posted March 21, 2025
Attention LPL customers with cash in money market funds: contact investor lawyers for a free evaluation of your potential options and claims for compensation today.
✓ Do you have a brokerage account with LPL Financial?
✓ Has your cash at LPL been automatically placed into a money market fund?
✓ Are you concerned about the fees charged by these money market funds relative to their supposed benefits?
✓ Would you like your potential claims for compensation to be reviewed by an experienced team of investor lawyers?
Request a free case evaluation via email at arosca@rscounsel.law, through the contact form on this page, or by calling 888-998-0530.
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The LPL Money Market Funds Investor Alert page is a resource for LPL brokerage clients who had their cash automatically placed in a money market fund with questionable fees and would like to evaluate compensation claims concerning the fees and/or performance of the fund.
Posted March 21, 2025
The investor rights attorneys at Rosca Scarlato LLC, led by veteran investor advocates Alan Rosca and Paul Scarlato, have launched an investigation on behalf of LPL brokerage account holders and discovered that LPL may be defaulting customer accounts into specific money market funds that, unbeknownst to LPL investors, charge significantly higher fees compared to other similar funds. Generally speaking, excessive fees, often unknown to customers, have the potential to erode customers’ investment returns.
Money market funds are commonly used by investors to hold cash within their brokerage accounts. Generally, these funds are designed to provide liquidity and preserve capital, often serving as a low-risk investment option. However, the fees charged by money market funds can vary significantly, impacting the net returns for investors.
Investor rights attorneys Alan Rosca and Paul Scarlato at Rosca Scarlato have reviewed a substantial volume of records and other evidence related to this matter and would like to hear from LPL Financial customers who are concerned about potential losses or missed profits in their brokerage accounts as a result of their cash being defaulted to expensive money market funds. They have decades of combined experience seeking compensation related to investor harm and pursuing claims arising out of alleged violations of securities law and/or other financial misconduct.
If you are concerned about the possible placement of your cash at LPL in money market funds that charge excessive fees, you may contact attorneys Alan Rosca or Paul Scarlato to learn more about your rights and for an evaluation of your potential claims, or to provide useful information. All consultations are free.
The Rosca Scarlato attorneys typically take cases like this on a contingency fee basis, advance all case costs, and only get paid for their fees and expenses if and when they are successful.
To reach attorney Alan Rosca or his colleagues, call 888-998-0530, email arosca@rscounsel.law, or leave a message by using a contact form on this webpage.
The general considerations on this page are for informational purposes only and do not constitute legal advice. Such legal advice can only be offered once the attorneys discuss each investor’s situation, learn of the relevant facts, and can tailor any advice to that investor’s facts. This page is not affiliated with LPL Financial or other related person or entity.
In our legal system, every person is innocent until and unless found guilty by a court of law or a tribunal. Whenever we reference “allegations” or charges that are “alleged,” such allegations or charges have not been proven, and are merely accusations, not findings of fault, as of the date of the blog. We do not have, nor do we undertake, a duty to continue to monitor or follow matters about which we report, and/or to publish subsequent updates regarding various developments that may occur in such matters. Readers are encouraged to conduct their own research regarding any such matters and any developments that may or may not have occurred in such matters. Also, the Brokercheck report linked to some of our blogs is the up-to-date version as of the date of accessing by the reader. The information in our blogs is current as of the date of the drafting of the blog, and given that sometimes certain past complaints may no longer be listed in newer Brokercheck reports, some of the events referenced in some of our blogs may later on be removed from newer Brokercheck reports. Visitors may check the most recent version of each brokercheck report at www.finra.org, and may contact FINRA for the earlier version of the Brokercheck report upon which various blogs may be based.