Schwab hit with class-action complaint over cash sweeps
The complaint alleges Charles Schwab violated its fiduciary duty by placing its own interest before the protection of its customers.
Charles Schwab Corp. has been slapped with a class-action complaint filed by three investors who claim the firm systematically violated its fiduciary and consumer protection duties via its robo-adviser Schwab Intelligent Portfolios' cash sweep program.
The complaint alleges that Charles Schwab
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