Schwab spurns NYSE for Nasdaq

Charles Schwab, the discount US brokerage, will move its listing to the Nasdaq after eight years on the New York Stock Exchange. It comes after the firm was fined $1m (€840,000) by the NYSE last month for failing to protect customers from corrupt investment advisers.

The firm, which earlier this year was forced to issue a statement denying it was up for sale, has been dual listed on the two exchanges for the past two years.

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