Finra fines Lincoln Financial $600,000 for customer data failings

Finra fines Lincoln Financial $600,000 over info

finra-new-york

The Financial Industry Regulatory Authority (Finra) has imposed fines totalling $600,000 on two Lincoln Financial entities for failing to protect consumer information.

Lincoln Financial Services (LFS) and Lincoln Financial Advisors (LFA) have been fined $450,000 and $150,000, respectively, after Finra found the firms failed to comply with Securities and Exchange Commission and Finra rules on written policies and safeguards for the protection of client data.

The regulator found that over a seven

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