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“For tracking litigation, enforcement, and regulatory developments, Compliance Week
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SEC to Schwab: Return $187M for robo-adviser misstatements
By 
Aaron Nicodemus2022-06-14T17:20:00
Three Charles Schwab subsidiaries have agreed to pay $187 million to settle SEC charges the units were allocating investors’ cash holdings in a way that was less profitable under most market conditions and misled investors about the strategies involved.
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