Ex-Advisor Sues LPL, Citizens Bank & Trust Over Botched Transition

What You Need To Know

• Nathan Adams alleges that, while pursuing a job with LPL, a background check mistakenly alerted his employer, Citizens.
• He was accused of improperly taking client data to LPL and faced felony charges, which were later dropped.
• LPL fired Adams after it found out about the alleged data heist — but not before Adams had transferred $15 million in assets, he says in the lawsuit.