Posts in 2009

Dec 23 Investor Losses in Leveraged ETFS and Inverse ETFS or Exchange-Traded Funds Prompt Investigation by Vernon Litigation Group and McCabe Rabin Law Firms

Following recent warnings from the SEC and the Financial Industry Regulatory Authority (FINRA) regarding the dangers of leveraged ...

Nov 19 Schwab Yieldplus Fund Was Not an Ultra Short-Term Bond Fund

When reporting bond maturity dates to the public and Securities and Exchange Commission for investments held in the Schwab ...

Nov 19 As Underwriter of the Schwab YieldPlus Fund, Charles Schwab Had a Due Diligence Duty to Ensure the Accuracy and Completeness of the Representations Made in the Prospectus

On Sept. 30, 1999, Charles Schwab acted as the sole underwriter in the initial public offering of the Schwab YieldPlus Fund. ...

Nov 19 Charles Schwab Knew or Should Have Known About the Liquidity Risks of Asset-Backed and Mortgage-Backed Securities and Did Not Disclose These Risks to Schwab YieldPlus Fund Investors

In June and July 2007, the forced liquidation of two Bear, Stearns & Co., Inc. hedge funds invested primarily in mortgage-backed ...

Nov 18 Decision Time Is Nearing for Schwab YieldPlus Fund Investors, as Class Action Opt-Out Date Approaches

Guest Commentary By Thomas D. Mauriello, Esq., California co-counsel on the Shine Vernon legal team Individual investors who lost ...

Oct 15 Shine Vernon Team Files New Fraud Claims Today Against Charles Schwab Over Yieldplus Fund Misconduct

Charles Schwab & Co. and its former high-profile fund manager engaged in deception and fraudulent conduct when they misrepresented ...