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Corporate

Jan. 13, 2011

Schwab Settles SEC Charges

Two Charles Schwab Corp. subsidiaries have agreed to pay $119 million to settle civil charges related to the YieldPlus Fund's investment in mortgage-backed securities, the Securities and Exchange Commission announced Tuesday.


By Rebecca Beyer


Daily Journal Staff Writer


SAN FRANCISCO - Two Charles Schwab Corp. subsidiaries have agreed to pay $119 million to settle civil charges related to the YieldPlus Fund's investment in mortgage-backed securities, the U.S. Securities and Exchange Commission announced Tuesday.


The SEC charged Charles Schwab Investment Management and Charles Schwab & Co. Inc. with making misleading statements about the fund and with violat...

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