The Financial Industry Regulatory Authority has fined a Lincoln Financial brokerage firm and a Lincoln Financial advisory firm a total of $600,000 for failing to protect 1 million customer records from being accessed improperly through Internet browsers.

The independent regulator of brokers said it fined Lincoln Financial Securities of Concord, N.H., $450,000 and Lincoln Financial Advisors of Fort Wayne, Ind., $150,000 for failure to protect customer information from public access.

Register or login for access to this item and much more

All Digital Insurance content is archived after seven days.

Community members receive:
  • All recent and archived articles
  • Conference offers and updates
  • A full menu of enewsletter options
  • Web seminars, white papers, ebooks

Don't have an account? Register for Free Unlimited Access