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

Several Big Brokerages Leave Customer Accounts Open to Theft, Senators Say
NYT Business Thursday 20 August 2026, 15:11 UTC By Tara Siegel Bernard 1 min read
Key Points

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.”

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.”
Ron Wyden (PERSON) Elizabeth Warren (PERSON)
Originally published by NYT Business Read original →

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