The Charles Schwab Corporation (SCHW) 


Bronstein, Gewirtz & Grossman, LLC is investigating potential claims on behalf of purchasers of The Charles Schwab Corporation ("Charles Schwab" or "the Company") (NYSE: SCHW). The investigation concerns whether Charles Schwab and certain of its officers and/or directors have violated federal securities laws.


On July 1, 2021, Charles Schwab announced that it had been “responding to an investigation by the U.S. Securities and Exchange Commission (SEC) arising from a compliance examination.” The Company said that the investigation regarded “historic disclosures related to the Schwab Intelligent Portfolios® (SIP) digital advisory solution.” Charles Schwab further disclosed its “second quarter 2021 financial results will include a liability and related non-deductible charge of $200 million.” Following this news, Charles Schwab stock dropped $0.77 per share, or about 1%, to close at $72.80 on July 2, 2021.

Then, on June 13, 2022, the SEC stated that it “charged three Charles Schwab investment adviser subsidiaries” who “agreed to pay $187 million to harmed clients to settle the charges.” According to the SEC, the Company misleadingly touted its robo-adviser as using “disciplined portfolio construction methodology” that sought “optimal return[s]”, when Charles Schwab’s “own data showed that under most market conditions, the cash in the portfolios would cause clients to make less money even while taking on the same amount of risk.” Following this news, Charles Schwab stock dropped $1.98 per share, or about 3%, to close at $60.24 on June 13, 2022.

If you are aware of any facts relating to this investigation or purchased Charles Schwab shares, you can assist this investigation. You can also contact Peretz Bronstein or his law clerk and client relations manager, Yael Nathanson of Bronstein, Gewirtz & Grossman, LLC: 212-697-6484. 


Bronstein, Gewirtz & Grossman, LLC represents investors in securities fraud class actions and shareholder derivative suits.  The firm has recovered hundreds of millions of dollars for investors nationwide.  Attorney advertising. Prior results do not guarantee similar outcomes.