It remains to be seen what impact, if any, the 230 credit unions served by LPL Financial Corp. will feel as the company recently filed with the SEC for an initial public stock offering.

On June 4, LPL Financial, the parent company of LPL Investment Holdings Inc. filed a Form S-1 with the SEC with an offering that will consist of primary shares to be sold by LPL and secondary shares to be sold by some of its existing minority stockholders. In a June 4 statement, the company said it intends to use net proceeds from the proposed public offering for repaying indebtedness, which totaled $1.4 billion as of March 31.

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