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Representing Individual, High Net Worth & Institutional Investors

Offices in Indiana and New York City


Charles Schwab

Charles Schwab & Company is one of the largest online and discount brokerage firms in the United States. Following the collapse of the subprime mortgage market in 2007, Schwab and various Schwab portfolio managers became the focus of accusations from investors and securities regulators over massive financial losses in two purported ultra-short bond funds known as the Schwab YieldPlus Funds.

The funds, the Schwab YieldPlus Select Fund (SWYSX) and Schwab YieldPlus Fund (SWYPX), were marketed as a higher yielding, conservative alternative to money-market funds. Investors later learned the funds were heavily exposed to subprime-backed mortgage securities. Ultimately, this over concentration in high-risk, speculative investments caused investors to sustain millions of dollars in losses.

Maddox Hargett & Caruso, P.C. is involved in numerous arbitration proceedings and securities lawsuits to recover investment losses related to Charles Schwab products and, specifically, the Schwab YieldPlus Funds. If you are an individual or institutional investor and have concerns or questions about your Schwab investments, contact Mark Maddox. We can evaluate your situation to determine if you have a claim.

Charles Schwab, Current Investigations
Charles Schwab Blog

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