SCHWAB CHARLES CORP
SCHW
Financials
3
exclusion reasons
1 theme
This page is part of our public exclusion list — a transparency tool that shows which companies we screen out and why. It is not investment advice, and it is not an accusation. But it is subject to change as our understanding of the facts evolves.
On June 13, 2023, Charles Schwab agreed to pay $187 million to settle SEC charges related to misleading customers about the costs and benefits of its robo-adviser product, Schwab Intelligent Portfolios.
Charles Schwab & Co. and two of its California-based managers are facing a lawsuit alleging discrimination and whistleblower retaliation filed by a fired financial advisor.
An ex-Schwab employee was found guilty on 10 counts of bank fraud, four counts of aggravated identity theft, and one count of money laundering after a five-day trial.
Research Sources
3 organizations
Related Exclusions
Wondering what we do invest in?
The Naughty List
A digest of changes to our exclusion list — new additions, removals, and the evidence behind them. We review the list continuously as new evidence surfaces.
Companies appear on our exclusion list based on our investment judgment — not because they've done anything illegal. This is a difference of values and opinion, not an accusation of wrongdoing. Exclusion does not constitute a recommendation against investing in any company, and absence from the list does not constitute a recommendation to invest.
This information is provided for educational and transparency purposes only and should not be relied upon as investment advice. Data is drawn from independent watchdogs, NGOs, government registries, and Ethical Capital's ongoing research — see Research Sources for the full list.
Ethical Capital LLC is a state-registered investment adviser in Utah (CRD #316032). Registration does not imply a certain level of skill or training.