Several major online trading platforms went down on Monday as Wall Street was hit by a major financial crisis, according to downdetector.com, a crash-tracking website.
Affected companies include Charles Schwab, Fidelity Investments and TD Ameritrade, according to the site.
A quick look at Downdetector.com shows that Charles Schwab has reported more than 15,000 outages, Fidelity Investments has nearly 3,200, and Vanguard has more than 2,800 users reporting issues.
The Washington Post has reached out to Charles Schwab, Vanguard, Fidelity, Ameritrade and E*Trade for comment.
More than 14,000 users reported an outage at Schwab just before 10 a.m. ET, according to Downdetector.
Schwab said on its X social media account that some customers “may experience difficulty logging into Schwab platforms.”
“We appreciate your patience as our team is working to resolve the issue as quickly as possible,” the company said.
After more than two hours, Schwab and Fidelity had resolved the app’s technical issues.
Schwab had 35.6 million active brokerage accounts as of June. According to Bloomberg News.
Fidelity also posted on its X account: “We are aware that some customers may be experiencing issues logging in. We are working urgently to resolve this issue and apologize for any inconvenience caused.”
A Securities and Exchange Commission spokesman told Reuters the commission was closely monitoring developments.
“We actively monitor the orderly functioning of markets,” the spokesman said.
This is a developing story, hit refresh for updates.
