{"id":4668,"date":"2008-10-14T10:15:21","date_gmt":"2008-10-14T10:15:21","guid":{"rendered":"https:\/\/www.stockbrokerfraudblog.com\/2008\/10\/finra_orders_charles_schwab_to"},"modified":"2022-03-29T15:57:44","modified_gmt":"2022-03-29T20:57:44","slug":"finra-orders-charles-schwab-to","status":"publish","type":"post","link":"https:\/\/www.investorlawyers.com\/blog\/finra-orders-charles-schwab-to\/","title":{"rendered":"FINRA Orders Charles Schwab to Pay $542,340 Over Short-Term Bond Fund Investor Claim"},"content":{"rendered":"

\t\t\t\tEarlier this month, a Financial Industry Regulatory Authority panel found Charles Schwab Corp. liable for $542,340 in an investor claim against the company over its YieldPlus short-term bond fund. This case is one of numerous individual arbitration and class action lawsuits against the San Francisco-based investment firm because of the fund. <\/p>\n

The Schwab YieldPlus Fund had assets worth over $13 billion last year, but the fund suffered major losses this year because of mortgage-backed securities. At the end of last week, the fund’s assets were worth $432 million.<\/p>\n

In this latest arbitration claim, investor Jeffrey Nielson accused Schwab and representative Darin Beckering of purposely misleading him when he purchased the ultrashort-bond fund because they did not fully disclose the extent to which the fund would be exposed to the subprime-mortgage market. Nielson also claims he was never informed that the Schwab YieldPlus Fund was a proprietary fund. <\/p>\n

Continue Reading \u203a<\/a><\/div>\n","protected":false},"excerpt":{"rendered":"

Earlier this month, a Financial Industry Regulatory Authority panel found Charles Schwab Corp. liable for $542,340 in an investor claim against the company over its YieldPlus short-term bond fund. This case is one of numerous individual arbitration and class action lawsuits against the San Francisco-based investment firm because of the fund. The Schwab YieldPlus Fund […]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"footnotes":""},"categories":[3739,3869],"tags":[],"class_list":["post-4668","post","type-post","status-publish","format-standard","hentry","category-finra","category-schwab-corporation"],"yoast_head":"\nFINRA Orders Charles Schwab to Pay $542,340 Over Short-Term Bond Fund Investor Claim — Investor Lawyers Blog — October 14, 2008<\/title>\n<meta name=\"description\" content=\"Earlier this month, a Financial Industry Regulatory Authority panel found Charles Schwab Corp. liable for $542,340 in an investor claim against the — October 14, 2008\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" 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