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Stock Market & Financial Investment News

News Breaks
December 7, 2012
07:38 EDTSCHWSchwab wants ETFs avaliable commission free to its customers, Reuters reports
Charles Schwab Corp. (SCHW) has been meeting with exchange-traded fund providers in an attempt to convince them to join a new network that would make ETFs available commission-free to the brokerage's 8.6M customers, reports Reuters. But the ETF providers are reluctant to agree to the idea because they would have to pay Schwab a marketing fee they say is too high, sources say.Reference Link
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August 27, 2014
06:58 EDTSCHWMorgan Stanley wins $15M arbitration suit vs. Schwab, Reuters says
A Financial Regulatory Authority arbitration panel in San Francisco ruled that Morgan Stanley (MS) won a $15M arbitration lawsuit against Charles Schwab (SCHW), who accused the bank of unlawfully recruiting brokers from a Schwab San Francisco division that left with confidential data, according to Reuters, citing comments from a Charles Schwab spokesman. The ruling ended a disagreement which had lasted two years. Reference Link

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