Security· ★★★· neutral·

FINRA orders Charles Schwab to pay $1.3M over missed crypto fraud

  • —FINRA ordered Charles Schwab to pay more than $1.3 million
  • —The victim of the scheme was an 82-year-old client
  • —Scammers gained access to the computer under the pretext of an "erroneous" refund
Why it matters: The precedent strengthens brokers' liability for detecting crypto fraud targeting elderly clients.
Source: PANews
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