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
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