Company Overview of Charles Schwab & Co., Inc.
Charles Schwab & Co., Inc. is an investment banking and securities brokerage firm. The firm's services include investment advisory and trading, equity research, and online financial services. It also provides advisory services on estate planning, life insurance, and annuities. Charles Schwab & Co., Inc. was founded in 1971 and is based in San Francisco, California. Charles Schwab & Co., Inc. operates as a subsidiary of Schwab Holdings, Inc.
211 Main Street
San Francisco, CA 94105
Founded in 1971
Key Executives for Charles Schwab & Co., Inc.
Compensation as of Fiscal Year 2015.
Charles Schwab & Co., Inc. Key Developments
FINRA Slaps Charles Schwab & Co. with $2 Million Fine over Net Capital Deficiencies, Supervisory Failures
Aug 25 15
FINRA announced that it censured and fined Charles Schwab & Co. Inc. $2 million for net capital deficiencies and related supervisory failures. FINRA announced that net capital deficiencies occurred on three separate dates in 2014, and ranged from $287 million to $775 million. The regulator found that on three occasions between May 15, 2014, and July 1, 2014, the company was net capital deficient up to $775 million. The deficiencies arose because on each of those dates, the company had inflows of cash that exceeded the amounts it could invest with existing facilities. Instead, Charles Schwab & Co. transferred $1 billion to its parent company for overnight investment. The company's treasury group approved the transfer as an unsecured loan under a revolving loan agreement without consulting its regulatory reporting group as to how the transfers would impact the company's net capital position.
American Express Announces New Co-Brand Relationship with Charles Schwab
Mar 19 15
American Express American Express announced a new exclusive multi-year agreement with Charles Schwab & Co. Inc. to create two new premium co-branded cards. With the agreement recently finalized, the cards are expected to be available in early 2016.
SCHWAB CENTER FOR FINANCIAL RESEARCH Presents at The 6th Annual FundForum USA, Oct-29-2014 12:30 PM
Oct 24 14
SCHWAB CENTER FOR FINANCIAL RESEARCH Presents at The 6th Annual FundForum USA, Oct-29-2014 12:30 PM. Venue: Mandarin Oriental Boston, Boston, United States. Speakers: Anthony B. Davidow, Vice President – Alternative Beta & Asset Allocation Strategist.
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