All Articles Tagged With: "Bond Fund"
Articles
Bond Fund Claims Against Morgan Keegan Results in $3.6M in Awards
Two arbitration panels have ordered Morgan Keegan & Co. to pay a combined total of $3.6 million to two investors who lost money in the brokerage firm’s bond funds, which collapsed after the subprime mortgage crash in 2007.
OppenheimerFunds Settlement Results in $77M Payment to Illinois
OppenheimerFunds Inc. has agreed to pay $77 million to the state of Illinois to settle an ongoing investigation into the management of the state’s college savings fund.
Oppenheimer Fund Lawsuit Settled for $20M
OppenheimerFunds Inc. has reached a $20 million settlement with the state of Oregon, which accused the company of investment fraud over the management of a college investment plan that lost $36 million.
SEC Warns of Charles Schwab Bond Fund Lawsuit Over Securities Violations
The U.S. Securities and Exchange Commission (SEC) has warned Charles Schwab Corp. that it could face a regulatory lawsuit over its handling of the Schwab YieldPlus Fund and Schwab Total Bond Market Fund, for which the company already faces pending securities fraud arbitration claims and an investor class action lawsuit for misleading investors.
Charles Schwab YieldPlus Class Action Opt-Out Date Set for Dec. 28
A federal court overseeing the Charles Schwab YieldPlus class action lawsuit has set a deadline of December 28, 2009, for members of the class to opt-out and pursue their own individual financial fraud claims.
Losses Awarded in Charles Schwab YieldPlus Arbitration Claim
An arbitration panel through the Financial Industry Regulatory Authority (FINRA) has ruled against Charles Schwab, ordering the firm to pay a family 125% of their out-of-pocket investment loss as a result of mishandling Schwab YieldPlus bond funds, which suffered tremendous losses in 2008 due to heavy investment in subprime mortgages.
Arbitration Claim Results in 100% Recovery of Schwab YieldPlus Losses
An arbitration panel through the Financial Industry Regulatory Authority (FINRA) has ruled in favor of a pair of investors who filed a fraud claim against Charles Schwab to recover losses they suffered from the substantial decline in Schwab YieldPlus Fund, awarding 100% of their net out-of-pocket losses, plus attorney fees, interest and costs associated with [...]
Schwab YieldPlus Losses Caused by Violations of Prospectus: Report
A new research report cites a heavy reliance on private-label mortgages for the huge Charles Schwab Yield Plus losses suffered by investors who held shares in what they thought was a relatively low-risk bond mutual fund. The Schwab YieldPlus Select Fund lost 31.7% between June 2007 and June 2008, after the mortgage securities market [...]
Morgan Keegan Lawsuit Filed by SEC Over Auction Rate Securities
Federal regulators have filed a lawsuit against Morgan Keegan & Co. Inc. for allegedly bilking investors of nearly $925 million by misrepresenting the safety of auction-rate securities and the state of Alabama is threatening to take the company’s broker-dealer license.
Oppenheimer Lawsuit Filed by Oregon Over Mutual Fund Losses
The State of Oregon has filed a $36.2 million lawsuit against OppenheimerFunds, Inc., seeking to recover losses caused by the collapse of the Oppenheimer Core Bond Fund.
