Schwab and JPMorgan Block Unauthorized AI Agents from Moving Money as Private Ordering Reaches Financial Core

On October 16, Charles Schwab CEO Rick Wurster confirmed in a Bloomberg TV interview that the firm is actively blocking unauthorized AI agents, such as Meta Muse, from executing transactions on behalf of clients. Wurster receives a weekly report indicating that Schwab is blocking between ‘tens and twenties’ of attempts by major AI agents to access and manipulate client funds. Schwab’s strategy relies on a clear distinction between informational access and transactional authority.

Source: Forkast