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: Bodily Injury Blog

Schwab Settles Suit Over Mortgage-Backed Securities

By Edward Bills

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Just weeks before a scheduled trial, Charles Schwab Corp. has agreed to a $200 million settlement over claims that the investment firm deceived investors about the safety of mortgage-backed securities, Bloomberg News reports. According to the lawsuit, affected plaintiffs lost more than $800 million in the Schwab YieldPlus Fund, which was allegedly described by the San Francisco-based company as a sound investment. Schwab admitted no wrongdoing under the settlement

Full post as published by Bodily Injury Blog on April 20, 2010 (boomark / email).

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