Charles Schwab Fined £9M Over UK Client Account Failings
Law360, London (December 21, 2020, 11:18 AM GMT) -- The U.K.'s financial services watchdog said on Monday that it has fined investment management giant Charles Schwab £8.96 million ($11.86 million) for violating rules on protecting client assets and making a false statement to the regulator.
Charles Schwab endangered the assets of retail customers, who requires the highest level of protection, the watchdog said. (AP Photo/Mark Lennihan) The Financial Conduct Authority said it has slapped the U.S. financial services company for not complying with British regulations and failing to protect its clients' money. Charles Schwab endangered the assets of individual customers, the group that requires the highest level of protection, the watchdog...
Stay ahead of the curve
In the legal profession, information is the key to success. You have to know what’s happening with clients, competitors, practice areas, and industries. Law360 provides the intelligence you need to remain an expert and beat the competition.
Access to case data within articles (numbers, filings, courts, nature of suit, and more.)
Access to attached documents such as briefs, petitions, complaints, decisions, motions, etc.
Create custom alerts for specific article and case topics and so much more!