Three investors are suing Charles Schwab for alleged breach of fiduciary duty, claiming the company designed its cash-sweep program to deliver “outsized” benefits for itself at the expense of customers.
The lawsuit was filed last week in a federal court in Los Angeles by Mary Loughran, Rosemary Orlando, and Edward Carr. The plaintiffs are seeking class-action status on behalf of themselves and other Schwab customers.
The…
EMEA Tribune is not involved in this news article, it is taken from our partners and or from the News Agencies. Copyright and Credit go to the News Agencies, email news@emeatribune.com Follow our WhatsApp verified Channel
