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Thursday, November 18, 2010|
What's Next in the Schwab YieldPlus Saga?
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.
Printed from: MFWire.com/story.asp?s=35162
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