Schwab’s $200 million charge suggests additional scrutiny for online brokerages
The potential action on one of the largest digital investment platforms sheds light on the increasing need for transparency among automated advice providers.
As more retail investors flock toward online brokerages, whether self-directed broker-dealers or robo-advisers, regulators are likely to cast a more critical eye on digital investing tools, experts say.
A recent $70 million enforcement action against fast-growing online brokerage Robinhood
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