Charles Schwab may have harmed investors in the Schwab Retirement Income Fund by promising a conservative investment approach yet then investing in Schwab YeildPlus funds which had a high concentration of mortgage related investments.
Investigation into Charles Schwab and the Schwab Retirement Income Fund (SWARX), and whether the Charles Schwab misled investors about the diversification and safety of the Schwab Retirement Income Fund.
The Schwab Retirement Income Fund serves investors in retirement looking to generate income and savings. The investigation focuses on whether Charles Schwab misled investors about the underlying risk in the funds, including misrepresenting the exposure to the sub-prime mortgage market through inclusion of YieldPlus mutual funds (SWYSX) (SWXPX) as a component of the Schwab Retirement Income Fund.
Name (Stock Symbol)
Charles Schwab Corporation, The (SCHW)
The Charles Schwab Corporation provides securities brokerage, banking, and related financial services to individual, institutional, and corporate clients.
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