Financial Services Industry
Industry: Email Alert RSS FeedAt the Bell; Schwab receives $25M settlement.(Late News)
Investment News, August, 2006
Charles Schwab Corp. reported in a filing with the Securities and Exchange Commission that it had received $25 million from "the confidential resolution of a legal matter,'' according to Dow Jones Newswires. The San Francisco-based financial services firm said in the filing that it will record the settlement in its third-quarter financial results, the report said.
The filing reportedly contained no further details on the matter. A phone call to Schwab seeking comment wasn't returned by press time. 529 industry welcomes exemption victory The Section 529 college savings plan industry welcomed a long-sought victory following the Thursday Senate passage of the Pension Protection Act, which makes federal tax exemption for the plans...
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