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: Broker Arbitration
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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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UBS Broker Arbitration Claim Over Lehman Notes Results in $529K Award
A FINRA arbitration panel has awarded $529,688 to a retired couple who pursued an investor claim against their UBS broker over losses associated with Lehman Brothers structured notes, which were…
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Securities Fraud Case Filings Up 86% This Year
According to the latest statistics released by the Financial Industry Regulatory Authority (FINRA), which regulates all securities firms throughout the United States, new securities fraud case filings were up 86%…
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Merrill Lynch Investor Arbitration Claim Results in $39.8 Million Award
An arbitration panel through the Financial Industry Regulatory Authority (FINRA) awarded an investor $30.6 million in compensatory damages and $9.2 million in interest against Merrill Lynch as a result of…
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Stock Broker Arbitration Claims Up 49% From 2007
According to the latest figures from the Financial Industry Regulatory Authority (FINRA), through October 2008, investment arbitration claims are up 49% from 2007. In addition, during the first 10 months…
