Schwab to pay $187 million after SEC says robo-advisers misled investors - The Washington Post

The brokerage giant’s automated advisory program held large portions of clients’ funds in cash even though they could have fared better on low-risk investments, the regulator says.

Placeholder while article actions load Brokerage giant Charles Schwab will pay $187 million to resolve charges from federal regulators that its robo-adviser did not tell clients they would have been… [+3189 chars]

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