SAN DIEGO, Sept. 17, 2015 (GLOBE NEWSWIRE) -- LPL Financial LLC, the nation's largest independent broker-dealer*, a custodian for registered investment advisors (RIAs), and a wholly owned subsidiary of LPL Financial Holdings Inc. (NASDAQ:LPLA), today announced that it has named Emily Gordy as executive vice president, deputy general counsel. Effective Sept. 21, Gordy will oversee the Regulatory Inquiries and Investigations group within the Legal Department, reporting to David Bergers, LPL managing director of Legal and Government Relations and general counsel of LPL Financial Holdings Inc.
Gordy’s newly created team will be dedicated to building, maintaining and strengthening relationships with the firm’s regulators and working with other members of the legal department and across the firm to address and respond to regulatory investigations, exams, inquiries and sweeps.
“I am thrilled that Emily is joining our team,” said Bergers. “Her profound understanding of the industry and the regulatory landscape, coupled with her desire to deliver the best outcomes for investors and our advisors, make her an extremely valuable addition to LPL.”
Gordy joins LPL from Shulman, Rogers, Gandel, Pordy & Ecker, PA, where she advised broker-dealer and investment advisor clients. Prior to joining the firm, she spent 27 years as a financial industry regulator, having served as a senior vice president with responsibilities for various functions within the Enforcement division of the Financial Industry Regulatory Authority. Gordy also served as a policy director in the Member Regulation department of the National Association of Securities Dealers and, prior to that, as Deputy Chief Counsel of the Division of Enforcement at the Securities and Exchange Commission.
“I’m excited to join LPL and have the opportunity to draw on my experience to help guide the firm through the industry’s complex regulatory landscape,” said Gordy. “I appreciate that LPL employees put investors at the forefront of everything they do, and believe that LPL’s significant expansion of the firm’s risk resources is another example of that commitment.”
Gordy earned a Juris Doctorate cum laude from American University School of Law and received her Bachelor of Arts in political science magna cum laude from Gettysburg College in Pennsylvania.
LPL also announced that LPL has established a new Regulatory Counseling group dedicated to providing all of its business units with advice and counsel across a wide range of regulatory, compliance and risk matters. That group – which also includes an internal investigations unit – is led by James S. Shorris, executive vice president and deputy general counsel, and a former FINRA Enforcement chief who joined LPL in 2011; he will continue reporting to Bergers.
*Based on total revenues, Financial Planning magazine, June 1996-2015
About LPL Financial
LPL Financial, a wholly owned subsidiary of LPL Financial Holdings Inc. (NASDAQ:LPLA), is a leader in the financial advice market and serves $486 billion in retail assets. The Company provides proprietary technology, comprehensive clearing and compliance services, practice management programs and training, and independent research to more than 14,100 independent financial advisors and more than 700 banks and credit unions. LPL Financial is the nation's largest independent broker-dealer since 1996 (based on total revenues, Financial Planning magazine, June 1996-2015), is one of the fastest growing RIA custodians with $112 billion in retail assets served, and acts as an independent consultant to over an estimated 40,000 retirement plans with an estimated $120 billion in retirement plan assets served, as of June 30, 2015. In addition, LPL Financial supports approximately 4,300 financial advisors licensed with insurance companies by providing customized clearing, advisory platforms, and technology solutions. LPL Financial and its affiliates have 3,385 employees with primary offices in Boston, Charlotte, and San Diego. For more information, please visit www.lpl.com.
Securities and Advisory Services offered through LPL Financial. A Registered Investment Advisor, Member FINRA/SIPC
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