{"id":586,"date":"2009-10-15T17:31:36","date_gmt":"2009-10-15T17:31:36","guid":{"rendered":"https:\/\/www.stockbrokerfraudblog.com\/2009\/10\/sec_warns_charles_schwab_corp_1"},"modified":"2022-03-09T15:57:21","modified_gmt":"2022-03-09T21:57:21","slug":"sec-warns-charles-schwab-corp-1","status":"publish","type":"post","link":"https:\/\/www.investorlawyers.com\/blog\/sec-warns-charles-schwab-corp-1\/","title":{"rendered":"SEC Warns Charles Schwab Corp. of Possible Civil Charges Over Two Bond Funds"},"content":{"rendered":"

\t\t\t\tCharles Schwab Corp. has received a Wells notice from the Securities and Exchange Commission about possible civil charges related to the discount brokerage’s Schwab Total Bond Market Fund and Schwab YieldPlus Fund. Schwab has been the target of regulatory investigations over the two funds and is a defendant in a number of civil lawsuits. <\/p>\n

SEC staff members plan on recommending civil charges against a number of Schwab affiliates over possible securities violations. The Wells notice is not a finding of wrongdoing or a formal allegation. It does, however, give Schwab an opportunity to respond before the SEC makes a decision on whether to move forward with an enforcement action. The discount brokerage says the possible charges are unwarranted.<\/p>\n

In San Francisco, Schwab is defending itself against a class-action fraud lawsuit in federal district court. YieldPlus fund investors are accusing the brokerage firm of failing to fully disclose the risks connected with some securities in the Schwab funds. <\/p>\n

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

Charles Schwab Corp. has received a Wells notice from the Securities and Exchange Commission about possible civil charges related to the discount brokerage’s Schwab Total Bond Market Fund and Schwab YieldPlus Fund. Schwab has been the target of regulatory investigations over the two funds and is a defendant in a number of civil lawsuits. SEC […]<\/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":[3840,3752,3760],"tags":[],"class_list":["post-586","post","type-post","status-publish","format-standard","hentry","category-charles-schwab","category-financial-firms","category-sec-enforcement"],"yoast_head":"\nSEC Warns Charles Schwab Corp. of Possible Civil Charges Over Two Bond Funds — Investor Lawyers Blog — October 15, 2009<\/title>\n<meta name=\"description\" content=\"Charles Schwab Corp. has received a Wells notice from the Securities and Exchange Commission about possible civil charges related to the discount — October 15, 2009\" \/>\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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