Anonymous ID: 567825 June 13, 2022, 8:03 a.m. No.16440326   🗄️.is 🔗kun

Charles Schwab Corp pays $187 million to settle charges that they misled clients about fees in the broker's robo-adviser program.

 

https://www.marketwatch.com/story/charles-schwab-pays-fine-for-misleading-robo-adviser-clients-about-fees-2022-06-13

 

The SEC said Schwab profited by sweeping cash from clients in its Schwab Intelligent Solutions unit to its affiliate bank, loaning it out

then keeping the difference between the interest it earned on the loans and what it paid in interest to the robo-adviser clients.