
A Financial Industry Regulatory Authority hearing panel found that Schwab violated FINRA rules by attempting to limit the powers of FINRA arbitrators to consolidate individual claims in arbitration. The panel ordered Schwab to take corrective action, including removing violative language, and imposed a fine of $500,000. For more info visit https://www.finra.org/media-center/news-releases/2013/finra-hearing-panel-dismisses-two-three-causes-action-complaint-against