for many months now, i have been highlighting the many technical red flags amongst the various components of the investment brokerage sector. since then, we’ve witness the collapse of PGF, yesterday trading snafu that may likely be the demise of KCG (a trading firm but categorized under the regional investment brokerage sector) and the charts on most of the retail and institutional brokerage firms that i’ve highlighted in recent months continue to deteriorate. here’s LPLA, a stock i’ve highlighted before and previously mentioned as a short candidate. LPLA serves as a broker to the largest organization of independent financial advisors in the united states (source: wikipedia). i’ve also included an updated chart of the brokerage sector as well as KCG. to be continued… i really hope not, but imagine it will.