Senators: Several Brokerages Leave Customer Accounts Open to Theft

Senators: Several brokerages leave customer accounts open to theft

It’s a crime that usually happens quietly.

Several Big Brokerages Leave Customer Accounts Open to Theft, Senators Say

Senators Ron Wyden and Elizabeth Warren wrote a letter to financial regulators saying that “bad actors” are exploiting structural weaknesses to “illicitly drain consumers’ brokerage accounts, including retirement funds.”