Schwab, Fidelity, Vanguard Trading Platforms Suffer Outage Amid Market Sell-Off
Massive Market Sell-Off Triggers Outage at Major Online Brokerages
Trading Halted as Platforms Struggle to Handle Surge in Activity
Several major online brokerage firms, including Charles Schwab, Fidelity Investments, and Vanguard, experienced widespread outages on Monday, leaving thousands of customers unable to access their accounts or execute trades.
The outages began around 10:00 AM EST, coinciding with a sharp sell-off in the stock market. As investors rushed to sell their holdings, the trading platforms were unable to handle the surge in activity, causing widespread system failures.
Customers reported being unable to log into their accounts, view their portfolios, or place orders. Some users were met with error messages or were unable to connect to the platforms at all.
The outages have raised concerns about the reliability of online trading platforms, especially during periods of high market volatility. Regulators are investigating the incidents and have urged the affected firms to take steps to prevent similar outages in the future.
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