Charles Schwab To Pay $119M For Misleading Investors
Charles Schwab Corp. has agreed to pay $119 million to settle a government criminal probe over misleading investors about their Schawab YieldPlus Funds.
Tag Archives: Bond Fund
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Schwab YieldPlus Investors Have Another Chance to Opt-Out of Class Action
A $235 million dollar proposed settlement for the Schwab YieldPlus Fund class action lawsuit has been resurrected, after the investment firm backed out of the deal last month. However, investors…
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Schwab Backs Out of $235M YieldPlus Class Action Lawsuit Settlement
Charles Schwab has announced that it is backing out of a proposed $235 million settlement agreement previously reached in a class action lawsuit over losses suffered by investors in the…
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Schwab Yield Plus Class Action Settlement Reached
Charles Schwab Corp. has agreed to pay investors $200 million to settle a YieldPlus Fund class action lawsuit over losses their bond fund suffered as a result of the subprime…
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Charles Schwab YieldPlus Settlements and Damages Could Cost $1B: Report
Charles Schwab could face close to $1 billion in damages and settlements stemming from securities fraud lawsuits over their Schwab YieldPlus bond fund.
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Morgan Keegan Accused of Fraud and Reckless Business Practices
The U.S. Securities Exchange Commission (SEC), Financial Industry Regulatory Authority (FINRA) and four states have charged Morgan Keegan & Company with fraud and reckless business practices, saying the company caused…
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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…
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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.
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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…
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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…
