LPL Financial is alleging that Amerprise sent unwarranted alerts of a "data breach" to thousands of LPL clients over past transfers of account information from Ameriprise. Processing Content Of its ...

Such data breach notices are among the most sensitive communications firms can have with clients, as customers are deathly afraid of losing control of their accounts to outside compute hackers.

LPL Financial is dropping a defamation suit it filed nearly two months ago against Ameriprise over data breach notices sent to clients, although it could still pursue the dispute in FINRA arbitration.

Ameriprise Financial says a data breach exposed personal data of nearly 48,000 people. Learn what happened and the steps you should take to stay safe.

Several days after Ameriprise accused LPL Financial of aiding several departing advisors in stealing purportedly confidential client information, the independent broker/dealer is firing back in court.