Schwab Orders Select Clients to Reset Logins, Joining Fidelity’s Credential‑Sharing Crackdown — Pontera Says Fidelity ‘Stands Alone’
Published: November 11, 2025 Key points What happened On Monday, Nov. 10, Charles Schwab began requiring some clients to reset their login credentials. According to coverage from ThinkAdvisor and Citywire, the reset notices went to customers who had shared their Schwab usernames and passwords with third‑party data vendors; Schwab says the change is part of its security processes. ThinkAdvisor+1 InvestmentNews reports the step follows Fidelity’s earlier enforcement moves limiting third‑party access to customer accounts, particularly for employer retirement plans, and places Schwab alongside its rival in cracking down on credential sharing. InvestmentNews Schwab’s own terms warn clients not to share
