Tag: Schwab Wealth Investment Advisory

Schwab Subsidiaries Misled Clients About Hidden Fees

Jun 28, 2022. Violating antifraud provisions of the Advisers Act – File No. 3-20897 ADMINISTRATIVE PROCEEDING. The Securities and Exchange Commission today charged three Charles Schwab investment adviser subsidiaries for not disclosing that they were allocating client funds in a manner that their own internal analyses showed would be less profitable for their clients under most market conditions. The subsidiaries…