Charles R. Schwab writes in a commentary that the low-cost investing model available to individual investors is being jeopardized by regulatory proposals and litigation. Schwab, founder and chairman of Charles Schwab, discusses a lawsuit filed by New York Attorney General Andrew Cuomo against his firm that implies the broker knew auction-rate securities would fail. "The issue at stake here is whether independent investors should be allowed the freedom to choose what they are allowed to buy, sell or hold. Or should the government try to enforce a guarantee against market risk through regulation or lawsuits like the attorney general has brought against us?" Schwab writes.
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