Violation Tracker Parent Company Summary

Parent Company Name: 
Charles Schwab Corp.
Ownership Structure: 
publicly traded (ticker symbol SCHW)
Headquartered in: 
California
Major Industry: 
financial services
Specific Industry: 
financial services
Penalty total since 2000: 
$136,534,164
Number of records: 
9
Top 5 Offense Groups (Groups Defined)Penalty TotalNumber of Records
financial offenses$132,704,1647
employment-related offenses$3,800,0001
consumer-protection-related offenses$30,0001
Top 5 Primary Offense TypesPenalty TotalNumber of Records
investor protection violation$132,704,1647
wage and hour violation$3,800,0001
discriminatory practices (non-employment)$30,0001
Notes: 

Parent-subsidiary linkages are based on relationships current as of the latest revision listed in the Update Log, which may vary from what was the case when a violation occurred. The penalty totals are adjusted to account for the fact that the individual entries below may include both agency records and settlement announcements for the same case; or else a penalty covering multiple locations may be listed in the individual records for each of the facilities. The totals are also adjusted to reflect cases in which federal and state or local agencies cooperated and issued separate announcements of the outcome. Duplicate or overlapping penalty amounts are marked with an asterisk in the list below.

Associated Names: 

CHARLES SCHWAB; Charles Schwab & Co., Inc. et al.; CHARLES SCHWAB BANK; CHARLES SCHWAB INVESTMENT MGT AND CHARLES SCHWAB AND

Links: 

Subsidy Tracker data on financial assistance to this company by federal, state and local government agencies can be found here.


Individual Penalty Records:

Click on the company or penalty amount for more information on each case.
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Company Primary Offense Typesort icon Year Agency Penalty Amount
Charles Schwab Bank discriminatory practices (non-employment) 2011 HUD $30,000
Charles Schwab Investment Management and Charles Schwab & Co., Inc. investor protection violation 2011 SEC $118,000,000
Charles Schwab & Co. investor protection violation 2014 SEC $61,800
Charles Schwab & Co., Inc. investor protection violation 2004 SEC $350,000
Charles Schwab & Co., Inc. investor protection violation 2018 SEC $2,800,000
Charles Schwab & Co., Inc. investor protection violation 2011 CT-SEC $2,800,000
Charles Schwab & Co., Inc. et al. investor protection violation 2011 IL-SEC $8,567,364
Charles Schwab & Co. Inc. investor protection violation 2016 TX-SEC $125,000
Charles Schwab wage and hour violation 2014 private lawsuit-federal $3,800,000
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