Allegations of Fraud and Misconduct at Charles Schwab
If you invested with Charles Schwab, recent allegations of fraud, misrepresentation and other violations of securities law may have you asking, “Should I contact a lawyer?”
The law firm of Burke, Harvey & Frankowski represents Charles Schwab investors who believe they were victims of fraud. Our extensive securities law experience and litigation and arbitration skills enable us to offer sound legal advice and dedicated representation to victims of Charles Schwab and other bond fund and stock broker fraud in Alabama, Georgia and the Florida Panhandle.
We invite you to contact our offices in Birmingham today to schedule an initial consultation and case evaluation with an experienced securities attorney who is actively fighting for investors harmed by alleged Charles Schwab bond fund fraud.
A History of Questionable Practices
In the past several years, Charles Schwab Corporation has come under increasing fire from federal regulators. In 2000, the company's US Trust division was fined $10 million over allegations of money laundering. In 2003, Charles Schwab was among the companies investigated for fraud by the SEC. Specific allegations included illegal late trading and market manipulation. As a result of this investigation, Charles Schwab paid an additional fine of $350,000 to the SEC.
The SEC has been successful in punishing Charles Schwab and other brokerage firms for fraud and other misconduct. Now it is time for the consumers who were hurt to have a powerful advocate.
Schwab YieldPlus Funds
Recently individuals with investments in the Schwab YieldPlus Funds have experienced significant losses. The Schwab YieldPlus Funds were presented to potential investors as limited risk investments but with fund mismanagement and the down turn in the market were subject to large losses. The Schwab YieldPlus Funds Investor Shares (SWYSX) and Schwab YieldPlus Funds Select Shares (SWYPX) fell between 9% & 17% in 2008.
Contact Burke, Harvey & Frankowski
If you believe you were a victim of Charles Schwab bond fund fraud, we invite you to call our Birmingham law firm at 205-930-9091. Clients in other parts of Alabama, Georgia or the Florida Panhandle should call toll free at 888-930-9091. You may also contact us by e-mail for a prompt and honest answers to your questions about Charles Schwab fraud allegations or to request a detailed case evaluation.
