FCA slaps Charles Schwab UK with £9m fine over compliance failures
Breaches affected retail customers
The Financial Conduct Authority (FCA) has fined Charles Schwab’s UK business £8.96m for failing to protect client assets, carrying out a regulated activity without permission and making a false statement to the watchdog.
The FCA said the breaches, which occurred between August 2017 and April 2019, affected retail customers at the financial services firm. Client money was swept across from CSUK to its affiliate Charles...
More on Regulation
FCA begins work on open-ended long term asset funds
Retail investors set to be restricted initially
Equniti, James Hay and Curtis Banks top pension complaints in 2020 H2
Aviva most complaints in total
FCA looks to scrap MiFID research rules on small-caps in UK competitiveness drive
FICC research also set for exclusion
More news
Brunel Professions launches PI insurance website offering 'seamless transactions'
Completion in 3 minutes
Schroders UK Platform Awards 2021 open for entries
21 September
FCA begins work on open-ended long term asset funds
Retail investors set to be restricted initially
Partner Insight: Are investor biases to blame for market lows and highs?
The fact that emotions can so significantly impact investment decisions means the issue is becoming ever more important for advisers
