Schwab, 11 Other Firms to Pay $63M in SEC Texting Crackdown

Published on January 13, 2025

Employees used personal devices to communicate internally and externally by text messages, the SEC said.

Continue reading on website
Other news

Schwab, Blackstone Among Firms Paying $63M To Settle SEC Texting Charges

January 13, 2025
The regulator found firm employees were using unapproved texting apps for business and failing to archive the communications. It follows earlier settlements made with large firms like Bank of America, Morgan Stanley, LPL and Raymond James.

Robinhood to Pay $45M to Settle SEC Claims

January 13, 2025
Robinhood "failed to observe a broad array of significant regulatory requirements," the SEC says.      Related StoriesRILAs Will Still Be King of the Annuity Hill, LIMRA PredictsNew Bill Boosts SALT Deduction CapMorningstar Rolls Out Advisor Software Suite