December 21, 2020 BY Steffy Bogdanova

Charles Schwab UK to pay £8.96 million fine for safeguarding and compliance failures

CS&C’s general pool held firm and client money for both UK and non-UK clients. The FCA determined that the CSUK failed to arrange adequate protection for its clients’ assets under UK rules including: The firm did not have the right records and accounts to identify its customers’ client assets The firm did not undertake internal…

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