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Home > Cases > Charles Schwab > Charles Schwab Arbitration Track Record

Charles Schwab Arbitration Track Record

Results of Our Cases That Went to Final Hearing

Ross Award
On July 16, a San Diego FINRA arbitration panel awarded the Ross Family Trust $157,498, plus $16,000 in expert witness costs. In addition, FINRA assessed the entire cost of the arbitration proceeding - $9,450 - against Charles Schwab. This award represents 100% of the Ross' net out-of-pocket Schwab YieldPlus losses and the costs associated with the expert witness.

Mayes Award
On Aug. 11, 2009, a Houston, Texas, FINRA arbitration panel awarded Mr. Mayes $116,000 in compensatory damages and costs for his case against Charles Schwab and the Schwab YieldPlus Funds.

Kelly Award
On Sept. 4, a FINRA arbitration panel awarded the Kellys' $102,823 - $74,430 in compensatory damages, interest and $25,650 in attorney fees - for their claim against Charles Schwab and the Schwab YieldPlus Funds. FINRA also assessed the entire costs of the arbitration proceeding - $5,250 - against Charles Schwab. This award represents 100% of the Kellys' net out-of-pocket losses.

Chang Award
On Sept. 11, a FINRA arbitration awarded Mr. Chang 100% of market adjusted damages* of $74,745 and $13,500 for expert witness fees for his claim against Charles Schwab and the Schwab YieldPlus Funds. FINRA also assessed the entire cost of the arbitration proceeding - $3,750 - against Charles Schwab.

Nasatir Award
On Sept. 25, a FINRA arbitration panel awarded Ms. Nasatir, trustee of the Nasastir Childrens' Trust, $125,729 in compensatory damages for her arbitration claim against Charles Schwab and the Schwab YieldPlus Funds. FINRA also assessed arbitration costs of $3,375 against Charles Schwab.

Eliot Award
On Sept. 25, a Los Angeles FINRA arbitration panel awarded the Eliots $80,000 in compensatory damages and an additional $16,000 in expert witness fees for their claim against Charles Schwab and the Schwab YieldPlus Funds. The panel also assessed the entire cost of the arbitration proceeding against Charles Schwab. The damages awarded in this case represent 1.23 times the amount of claimants' net out-of-pocket losses.

*Market adjusted damages are more than net out-of-pocket losses.


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