According to an article in the Memphis Business Journal, the growing number of Morgan Keegan lawsuits and arbitration claims filed this year, are likely to serve as textbook examples for college finance courses on poor investment structures. Thousands of investors who lost money as a result… Read More
Following the recent collapse of Schwab YieldPlus and several other ultra-short bond funds, many investors are pursuing lawsuits and arbitration to recover losses. However, financial advisors indicate that the ultra short bond fund lawsuits may be the least of Schwab's concerns. Many advisors suggest that the… Read More
Following last week's announcement that Wachovia's Evergreen Ultra Short Opportunities Fund will be liquidated after losing approximately 20% this month, several lawsuits have already been filed seeking class action status. Although many investors think that the only way to recover their losses is through a class… Read More
Wachovia's Evergreen Ultra-Short Opportunities Fund has dropped 20% this year as a result of heavy investments in risky mortgage-backed securities. Managers of the mutual fund failed to disclose the full extent of the risks investors were exposed to, and those who lost over $10,000 may be… Read More
The value of Schwab YieldPlus Select Fund Shares fell another 4% over the last month, and the bond fund has tumbled nearly 35% from where it was at the beginning of last year. For an investment that was promoted as an alternative to cash or money… Read More
Following the recent collapse of share prices for the Schawb Yield Plus Fund, many investors are exploring their legal options to recover money they lost. The lawyers at Saiontz & Kirk represent investors who are pursuing individual claims against Charles Schwab for failing to properly disclose… Read More
The Wall Street Journal is reporting that Charles Schwab is attempting to offer only pennies on the dollar to settle Schwab YieldPlus lawsuits being pursued by investors who lost money as a result of their investment in the bond fund. The lawyers at Saiontz & Kirk… Read More
Although it was promoted and sold as a safe alternative to cash or money market accounts, the Schwab YieldPlus bond fund has lost 25% of its value since the beginning of this year. Heavy investments in risky mortgage-backed securities have lead to substantial losses for investors.… Read More
Following the financial collapse of one of the largest investment banks, many investors are pursuing Bear Stearns lawsuits to recover losses caused by fraudulent misrepresentations made by the company. As Bear Stearns stock prices fell amid concerns that the bank may fail, false statements were made… Read More
The Schwab YieldPlus Select Fund (SWYSX), which is one of the largest bond funds for Charles Schwab Corp., has lost 80% of its assets over the past year. Many investors placed their money in this fund as an alternative to a money market, and they have… Read More
