Britain's markets regulator has fined U.S.-listed Charles Schwab's UK business 8.96 million pounds for failing to protect client assets, carrying out a regulated activity without permission and making a false statement to the watchdog.
FILE PHOTO: The logo of the new Financial Conduct Authority is seen at the agency's headquarters in the Canary Wharf business district of London April 1, 2013. REUTERS/Chris HelgrenREUTERS: Britain's markets regulator has fined U.S.-listed Charles Schwab's UK business 8.96 million pounds for failing to protect client assets, carrying out a regulated activity without permission and making a false statement to the watchdog.
The Financial Conduct Authority said https://bit.ly/2WxaXN4 on Monday the breaches, which occurred between August 2017 and April 2019 affected retail customers at the financial services firm.