Basic Search  |  Summaries  |  Advanced Search

Violation Tracker Individual Record

Company: Charles Schwab & Co., Inc.
Current Parent Company: Charles Schwab Corp.
Parent at the Time of the Penalty Announcement:  subscribe to see this data field
Penalty: $350,000
Year: 2004
Date: September 14, 2004
Offense Group: financial offenses
Primary Offense: investor protection violation
Secondary Offense: securities issuance or trading violation
Violation Description: Charles Schwab & Co., Inc. agreed to pay $350,000 to settle allegations that it allowed investment adviser customers to change mutual fund orders after the 4:00 p.m. Eastern time market close, creating the risk that such customers could unfairly capitalize on late-breaking news at the expense of other mutual fund investors.
Level of Government: federal
Action Type: agency action
Agency: Securities and Exchange Commission
Civil or Criminal Case: civil
HQ Country of Current Parent: USA
HQ State of Current Parent: California
Ownership Structure of Current Parent: publicly traded
Major Industry of Current Parent: financial services
Specific Industry of Current Parent: financial services
Source of Data: (click here)
Source Notes: If an online information source is not working, check the Violation Tracker Data Sources page for an updated link.
Current parent company note: Parent-subsidiary relationship is current as of the most recent revision listed in the Update Log.