Charles Schwab [
see profile] is heading back to court with mutual fund shareholders in the fallen
YieldPlus Fund, even as the
SEC continues its own investigation. In the
New York Times' "DealBook" blog, Eric Dash
reminds readers that there's a hearing today in the YieldPlus suit, after Schwab backed out of two settlements totaling $235 million earlier this month (see
The MFWire, 11/9/2010).
The Times contrasts the YieldPlus suit, which involves a fund geared towards retail investors, with many other disputes over institutional investment products that also suffered for weighting heavily to real estate investments prior to the financial meltdown in 2008. 
Edited by:
Neil Anderson, Managing Editor
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