Brocker.Org: Charles Schwab claims it is suffering from technological issues


Charles Schwab explained late Tuesday morning it had technological issues but present-day orders are likely by typically.

Schwab instructed CNBC in a statement that it knowledgeable an order routing challenge for orders placed this morning prior to about 10:20 a.m., ET. The agency explained it is however investigating the cause.

The organization has a overall of 10.3 million active brokerage accounts.

Earlier on Tuesday, Schwab noted a 19 % 12 months-in excess of-12 months enhance in overall consumer property to a history $two.9 trillion at the stop of February. New brokerage accounts totaled 113,000 final month, a 35 % enhance in excess of the prior 12 months, the agency explained.

Shares traded about one.five % decrease, but held gains of more than seven % for the 12 months so considerably.

Shares of rivals TD Ameritrade and ETrade traded more than one % decrease.

— CNBC’s Ryan Ruggiero contributed to this report.