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UK regulator fines Charles Schwab’s unit nearly 9 million pounds

UK regulator fines Charles Schwab’s unit nearly 9 million pounds

December 21, 2020

(Reuters) – Britain’s markets regulator has fined U.S.-listed Charles Schwab’s UK business 8.96 million pounds for failing to protect client assets, carrying out a regulated activity without permission and making a false statement to the watchdog.

The Financial Conduct Authority (FCA) said https://bit.ly/2WxaXN4 on Monday the breaches, which occurred between August 2017 and April 2019 affected retail customers at the financial services firm.

(Reporting by Muvija M in Bengaluru)

The post UK regulator fines Charles Schwab’s unit nearly 9 million pounds first appeared on One America News Network.

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