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http://www.subprimelosses.com/blog/index.php/2009/02/24/finra-claims-keep-coming-over-investor-losses-in-schwab-yieldplus-fund/ Fri, 18 May 2012 14:41:27 +0000 http://wordpress.org/?v=2.7 hourly 1 http://www.subprimelosses.com/blog/index.php/2009/02/24/finra-claims-keep-coming-over-investor-losses-in-schwab-yieldplus-fund/comment-page-1/#comment-18402 Sarah Mon, 09 Nov 2009 23:57:48 +0000 http://www.subprimelosses.com/blog/?p=492#comment-18402 I first invested in Schwab Yield Plus form my IRA in Novemer of 2004. I am a 63 year old single semi-retired nurse on a very limited income. I had invested in short term government bond funds for about 15 years and the price had never varied more than $1.00. I had started by IRA with Schwab in the mid-80's. I was advised by Schwab to buy this as something similar to those and had been an IRA customer of Schwab since the last 80's. I sold it in the spring of 2008 after I realized how much it had dropped in value. I had been taking full-time care of my 96 year old mother for two years and had not been watching the statements..but it never varied, so I wasn't worried.. My losses are about $6,000 which is very significant to me. The SEC said I should first approach Schwab.. but I have not done so yet as I am not sure how to present this to them. I appreciate any advice you have. I first invested in Schwab Yield Plus form my IRA in Novemer of 2004. I am a 63 year old single semi-retired nurse on a very limited income. I had invested in short term government bond funds for about 15 years and the price had never varied more than $1.00. I had started by IRA with Schwab in the mid-80’s. I was advised by Schwab to buy this as something similar to those and had been an IRA customer of Schwab since the last 80’s. I sold it in the spring of 2008 after I realized how much it had dropped in value. I had been taking full-time care of my 96 year old mother for two years and had not been watching the statements..but it never varied, so I wasn’t worried..
My losses are about $6,000
which is very significant to me. The SEC said I should first approach Schwab.. but I have not done so yet as I am not sure how to present this to them. I appreciate any advice you have.

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