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

Return to Archive

TESTIMONIALS

Previous
Next

I cannot thank you enough for your efforts. You have proven to be a valuable resource

Jim T.

LATEST NEWS AND ARTICLES

June 30, 2025
SEC Charges New Mexico Investment Advisor with Fee Fraud and Fiduciary Breaches

The Securities and Exchange Commission (“SEC”) has charged David A. Nagler and his firm, New Line Capital LLC, with defrauding clients through deceptive fee disclosures and undisclosed conflicts of interest.

 

June 27, 2025
FINRA Sanctions Advisor for Accepting $1 Million Inheritance from Client Without Firm Approval

FINRA has fined and suspended veteran advisor Kenneth J. Malm for accepting a $1 million inheritance from a client without receiving the necessary firm approval.

June 26, 2025
SEC Charges Marine Veteran in $2.5 Million Ponzi Scheme

The Securities and Exchange Commission (“SEC”) has charged Marine Corps veteran Christopher Aubin with fraud, accusing him of running a $2.5 million Ponzi scheme that defrauded dozens of investors, including several of his former military colleagues.