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Schwab Hit With Class Action For Routing Orders To UBS

By Ed Beeson (May 8, 2015, 5:20 PM EDT) -- Charles Schwab & Co LLC on Friday was hit with a putative class action in California accusing the discount brokerage of violating its duty to customers by routing the vast majority of certain orders to UBS Securities LLC, rather than seek the best possible venue for their trades as required....

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