latest news releases from the newsroom
Klayman & Toskes P.A.
The Securities Law Firm of Klayman & Toskes Files Another Arbitration Claim Against Charles Schwab for Losses Sustained in YieldPlus Funds
NEW YORK, Sept. 12, 2008 (GLOBE NEWSWIRE) -- The Securities Law Firm of Klayman & Toskes, www.nasd-law.com, said today that it filed a securities arbitration claim against Charles Schwab (Nasdaq:SCHW) with the Financial Industry Regulatory Authority's ("FINRA") Office of Dispute Resolution. The claim was filed on behalf of an investor who purchased Schwab's YieldPlus Fund (Nasdaq:SWYPX) and YieldPlus Select Fund (Nasdaq:SWYSX). The Claimant alleged that he purchased the YieldPlus funds as an alternative to a money market fund where he sought income with little to no risk. Instead, the value of his investments has experienced significant declines.