Charles Schwab was ordered by a FINRA arbitration panel to pay more than $1.3 million after allegations that it failed to detect warning signs and adequately protect an elderly client from a cryptocurrency scam. The case involved an 82-year-old man whom a fraudster allegedly convinced that he owed a debt because of a mistakenly sent refund before gaining remote access to his computer. Plaintiff's attorney Scott Greco confirmed the award and highlighted the firm's alleged failure to identify and prevent the exploitation despite apparent red flags.