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The deal would net Schwab roughly $100 billion in new assets.
The Fed's first interest-rate cut in a decade has advisers warning against chasing the bait of risk over safety.
Organization's CEO confirms meeting with Edward Jones, says broker-dealer still considering how to move forward.
Acting secretary Patrick Pizzella will have to make political decision to move ahead.
She's willing to advocate for additional compliance time if firms have made a good faith effort.