Schwab on Wednesday received a Wells notice from the SEC over two of its bond funds, the Schwab YieldPlus Fund and the Schwab Total Bond Market Fund, officials at the San Francisco-based firm revealed in an 8-k filing Wednesday afternoon.

The note informed recipients of SEC staffers' intention to recommend the filing of a civil enforcement action against Schwab Investments, Charles Schwab Investment Management, Charles Schwab & Co., Inc. and the president of the funds for possible violations of the securities laws.

"The Company intends to respond to the notice to explain why it believes enforcement charges are unwarranted," Schwab executives said.  

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