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Litigation

Nov. 23, 2011

Schwab executive settles SEC charges

A Charles Schwab Corp. executive accused of misleading customers who invested in the YieldPlus Fund has settled civil charges brought against him by the U.S. Securities and Exchange Commission.


By Jill Redhage


Daily Journal Staff Writer


A Charles Schwab Corp. executive accused of misleading customers who invested in the YieldPlus Fund, a short-term bond investment tied to mortgage-backed securities, has settled civil charges brought against him by the Securities and Exchange Commission.


Randall Merk, a former executive vice president at the San Francisco-based financial services company, agreed to pay a $150,000 civil penalty and coo...

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