LPL Financial, the fourth-largest brokerage in the U.S. based on the number of advisers in its network, has put in place a number of processes and new investments to engineer a much-needed turnaround after it was hit with a $7.5 million fine for a mismanaged e-mail system. It has a new tech platform and new rules requiring e-mails be returned with two hours. It also has improved outreach with regulators.

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