Charles Schwab UK Ltd.
Charles Schwab Corp.
Charles Schwab Corp.
8963200
2020
20201221
financial offences
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Charles Schwab paid a fine of £8.96 million in settlement of a decision by the FCA that the company failed to arrange adequate protection for client assets under UK rules when moving money between UK and US affiliates, and had inaccurately informed the FCA that it had adequate systems and controls in place to protect client assets. No client assets were lost.
agency action
settlement of FCA Decision
UK-FCA
Financial Conduct Authority
United States
publicly traded
financial services
financial services
US8085131055
https://www.fca.org.uk/news/press-releases/fca-fines-charles-schwab-uk-over-safeguarding-and-compliance-failures
UK21-16695
1