Schwab Yield Plus: Wins For Investors Keep Coming
The Schwab Yield Plus Funds - the Schwab Yield Plus Fund Select Shares (SWYSX) and the Schwab Yield Plus Investor Shares (SWYPX) - lost more than 40% of value due to over concentration in risky mortgage backed securities. Investors, meanwhile, were sold on the funds for their supposed conservative, money market-like nature. In the end, all Yield Plus investors found themselves subject to huge financial losses because of misrepresentations and mismanagement on the part of Charles Schwab.
Thousands of Yield Plus investors have filed arbitration claims with the Financial Industry Regulatory Authority (FINRA). And, in the past two months, more investors have emerged victorious in their claims against San Francisco-based Charles Schwab. Most recently, a San Diego FINRA arbitration panel awarded an investor (Case No. 09-02173) more than $327,000 in a claim accusing Schwab of misrepresentation and material omissions.
In the past two months, seven cases that were handled by our experienced securities arbitration attorneys entered into a final hearing before FINRA. Each of these cases resulted in significant awards for investors. View the award decisions of these cases.
If you are an individual or institutional investor and have questions about your SchwabYieldPlus investments, Contact Us by using the form or by calling 866-827-6537. We can evaluate your situation to determine if you have a claim.
