Finra spanks Schwab with $350,000 fine over disclosures on ETNs
Schwab self-reported the issues with disclosures related to exchange-traded notes, which occurred from January 2016 to December 2020, to Finra.
The Financial Industry Regulatory Authority Inc. last week fined Charles Schwab & Co. Inc. $350,000 for failing to fully disclose information about exchange-traded notes to thousands of customers over a period of almost five years.
From January 2016 to December 2020, Schwab sent trade confir
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