Charles Schwab to pay $187 million to settle SEC charges that it misled robo-advisor clients on fees - CNBC
6/13/2022 12:00:00 AM2 years 10 months ago
by Greg Iacurci
by Greg Iacurci
The Securities and Exchange Commission alleged the firm didn't disclose a "cash drag" to clients of Schwab Intelligent Portfolios.
The U.S. Securities and Exchange Commission headquarters in Washington on Feb. 23, 2022. Charles Schwab agreed to pay $187 million to settle an SEC investigation into alleged hidden fees charged by … [+3224 chars]
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