Ruben Williams, a former financial advisor, has been permanently banned from the securities industry after claiming to manage $11 trillion in assets.
Wall Street is preparing for a significant Federal Reserve interest rate cut announcement this Wednesday, wondering how aggressive it will be.
Charles Schwab Corp. said revenue is rebounding after slipping earlier this year as fewer customers shift money in search of higher yields.
The big question for financial markets going into the Fed's meeting this week is whether it will cut rates by 25 basis points or 50 points.