Legislative & Regulatory Affairs

Regulatory updates

Latest news

Schwab's Office of Legislative and Regulatory Affairs helps you stay on top of the latest regulatory proposals and actions that could affect your firm and your clients. 

Webcast series

Hear from Schwab experts with our semiannual webcast series on the latest legal and regulatory topics impacting RIAs. Visit the Events & Education page on Schwab Advisor Center® and scroll to the “Compliance and Legal” section.


RIA Washington Watch

This ongoing series features the observations, insights, and analysis of Michael Townsend, vice president of legislative and regulatory affairs for Charles Schwab & Co., regarding issues and topics that affect RIAs, their clients, and the industry. Read the latest:


SEC Custody Rule

In 2017, the SEC issued guidance about situations in which certain authority to move money on behalf of clients may constitute custody. We have several resources to help you understand the new guidance and determine if you want to retain or remove authority.

Compliance Reviews

Access commentary from some of the industry’s leading consulting firms and attorneys to help stay ahead of evolving compliance and regulatory requirements. Clients can use their Schwab Advisor Center credentials to download full white papers.


Letters to regulators

Learn more about the actions Schwab is taking to protect RIA interests and influence responsible government policies. Read the responses Schwab has sent to regulators on behalf of RIAs:


SEC proposed rule harmonization

The SEC has long considered harmonizing the rules followed by broker-dealers and RIAs, which many independent advisors perceive as a threat to their business. As a result, Schwab conducted a survey to gather advisors' perspectives and led a unified response on behalf of RIAs and the industry.