LPL Financial Experiences Trading System Outage Amid Market Volatility

Posted on April 4th, 2025 at 11:49 AM
LPL Financial Experiences Trading System Outage Amid Market Volatility

From the desk of Jim Eccleston at Eccleston Law

LPL Financial, the largest independent broker-dealer in the U.S., experienced widespread system outages on April 3rd, preventing advisors from executing trades for hours. AdvisorHub reports that the disruption, which affected the firm's ClientWorks platform, coincided with a global market selloff.

Some advisors reported that access had been restored by early afternoon. However, the outage left brokers frustrated, particularly those handling client accounts poised for investment. One advisor told AdvisorHub that a long-term client had been ready to deploy cash but was unable to act due to the system failure.

The incident is reminiscent of previous technology failures, including system crashes during the pandemic-driven market volatility and outages last August during another period of heightened market activity.

 

Eccleston Law LLC represents investors and financial advisors nationwide in securities, employment, transition, regulatory, and disciplinary matters.

Tags: eccleston, eccleston law

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