By Yahoo! Finance | Created at 2024-10-02 13:51:09 | Updated at 2024-10-02 16:27:40
2 hours ago
Updated Oct. 2, 2024 9:34 am ET / Original Oct. 1, 2024 5:11 pm ET
LPL Financial’s board of directors said late Tuesday that it had terminated CEO and President Dan Arnold for making statements to employees that violated the company’s code of conduct.
The board said it terminated Arnold for cause on the recommendation of a special committee of directors in the course of an investigation by an outside law firm. The board appointed Rich Steinmeier, the company’s chief growth officer, as interim CEO, effective immediately.
“LPL’s...
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