Estimated reading time: 0 minutes, 16 seconds

Schwab to Dish Out $500k for FINRA Violation

Friday, May 02 2014
Regulatory & Compliance
Written by  PFA News

FA The Financial Industry Regulatory Authority has ruled that Charles Schwab violated industry regulations when it sought to keep investors from joining in a class action lawsuit and has fined the firm $500,000. So reports Compliance Week.

The charges results from waiver language contained in customer account agreements.

Read the full article from Compliance Week.

Read 6036 times
Rate this item
(0 votes)
More in this category: « SEC Alleges Advisor Failed to Protect Clients’ Assets Regulator: Hybrid Advisors Should Review Fees Often »

Visit other PMG Sites: