Wall Street Chaos: Online Trading Sites Hit by Mass Outages
Online brokerages went down for thousands of customers on Monday amid a global stock market selloff, according to an outage tracking site.
Almost 15,000 users reported issues with Charles Schwab at around 10 a.m., according to Downdetector, with customers citing problems with both the firm’s mobile and online brokerage. The company said in a statement that a “technical issue” meant “some clients may have difficulty logging in to Schwab platforms.”
“Please accept our apologies as our teams work to resolve the issue as quickly as possible,” the statement added. “Hold times may be longer than usual.”