SCHW

Stock market turbulence may not be scaring off retail investors: 'We’re not seeing investors respond the way they typically have'

Stock market turbulence may not be scaring off retail investors: ‘We’re not seeing investors respond the way they typically have’

For all its downward dips so far this year, the stock market may not scaring off many retail investors, polling and purchase data suggest. One quarter (26%) of people said the stock market is the best place to tuck away money they will not need to tap for a decade, according to a new Bankrate.com …

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Charles Schwab Paying More Than $186 Million in Settlement Over Robo-Adviser Business

Charles Schwab Paying More Than $186 Million in Settlement Over Robo-Adviser Business

WASHINGTON— Charles Schwab SCHW 1.44% & Co. Inc. will pay more than $186 million to settle a regulatory investigation that found it didn’t adequately disclose how keeping a big share of clients’ assets in cash could hurt investment returns. The Securities and Exchange Commission said Schwab’s robo-adviser portfolios kept between 6% and 29.4% of assets …

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