Charles Schwab expects charge of least $200 million in second quarter as SEC probes its robo-advisory business
July 02, 2021 at 13:40 PM EDT
Charles Schwab Corp. shares slid 1.8% Friday, after the brokerage and wealth management company said it expects to book a charge of at least $200 million in the second quarter relating to a Securities and Exchange Commission investigation of its robo-advisory business.
