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FCA fines Charles Schwab UK £8.96m
CSUK agreed to settle the case and qualified for a 30% discount. The financial penalty would otherwise have been £12,804,600
The FCA has fined stockbrokers Charles Schwab UK (CSUK) £8.96m for failing to “adequately protect client assets, carrying out a regulated activity without permission and making a false statement to the FCA”.
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