The Board of Governors of the Financial Industry Regulatory Authority issued a decision finding Charles Schwab & Co., Inc. Violated FINRA rules when the firm attempted to keep investors from participating in judicial class actions by adding waiver language to customer account agreements. Schwab entered into a settlement, agreeing to pay a fine of $500,000 and to notify all of its customers that the Class Action Waiver requirement has been withdrawn from its customer account agreements and is no longer in effect. For more info visit https://www.finra.org/media-center/news-releases/2014/board-decision-finds-charles-schwab-co-violated-finra-rules-adding