Charles Schwab

“If you have a margin account, you authorize Schwab to lend either to itself or to others any securities held by Schwab in your margin account ... Schwab is required by SEC Rule 15c3-3 to set aside, at all times, cash or qualified securities equal to at least 100% of the value of customer fully-paid and excess margin securities.”

“Schwab routes the majority of its retail customer equity orders to third-party market makers and exchanges based on order-by-order best-execution analysis. Schwab receives payment for order flow from certain market makers for routing equity and options orders.”

“ACH transfers from your Schwab account to your linked external bank usually take 1 to 2 business days. Wire transfers initiated by 1:00 p.m. ET are typically processed the same business day.”

“The Charles Schwab Corporation (NYSE: SCHW) ... total client assets of $9.41 trillion ... Tier 1 Leverage Ratio of 9.4%.”

“Total client assets of $9.41 trillion, total active brokerage accounts of 37.1 million.”

“Founded in 1971 by Charles R. Schwab in San Francisco, California, the firm pioneered the discount brokerage industry.”

“CHARLES SCHWAB & CO., INC. — CRD# 5393 / SEC# 8-16514 — Registered with SEC and FINRA; Approved Status.”

“Firm Profile: This firm is registered with the SEC, 1 SRO, and 53 U.S. states and territories. Registration Status: Approved.”

“Broker-dealers are subject to ... financial responsibility rules, including Rule 15c3-1 (Net Capital Rule) and Rule 15c3-3 (Customer Protection Rule) governing protection of customer funds and securities.”

“Charles Schwab & Co., Inc. — Member, Securities Investor Protection Corporation.”

“The limit of SIPC protection is $500,000, which includes a $250,000 limit for cash.”

“Schwab provides each of its clients additional excess SIPC protection with an aggregate limit of $600 million ... limited to a combined return of $150 million per customer, of which $1.15 million may be in cash.”

“A broker or dealer shall maintain ... a Special Reserve Bank Account for the Exclusive Benefit of Customers ... and shall promptly obtain and thereafter maintain physical possession or control of all fully paid securities and excess margin securities.”

“Securities in your Schwab account are held in custody by Charles Schwab & Co., Inc. through the Depository Trust Company (DTC) and other regulated central securities depositories.”

“The Charles Schwab Corporation (NYSE: SCHW) ... total client assets of $9.41 trillion ... Tier 1 Leverage Ratio of 9.4%.”

“Online or automated transfers via ACH or Schwab MoneyLink: $0. Wire transfers (outgoing, domestic): $25; Wire transfers (international, outgoing): $25.”

“ACH: $0 · Domestic outgoing wire: $25 · International outgoing wire: $25 · Account transfer out (full ACAT): $50.”

“Schwab does not charge account maintenance, inactivity, or account-closing fees.”

“Walter W. Bettinger II — Co-Chairman of the Board · Rick Wurster — President and Chief Executive Officer · Charles R. Schwab — Co-Chairman and Founder. The Charles Schwab Corporation is listed on the New York Stock Exchange under the symbol SCHW.”

“The Securities and Exchange Commission today charged three investment advisor subsidiaries of The Charles Schwab Corporation ... for not disclosing the unfavorable effect of their cash allocations ... The Schwab subsidiaries agreed to pay approximately $187 million to settle the SEC's charges.”