Colling, Gilbert, Wright & Carter Securites Fraud

At least two FINRA arbitration claims alleging the SCHWAB YIELDPLUS was misrepresented as a money market type mutual fund without subprime mortgage exposure have resulted in Claimant Awards for damages.

In one recent arbitration, Claimant Jeffrey Nielson was awarded $542,340.00 for compensation for his losses. See FINRA case #07-03069. In that case the Claimant alleged negligence and violation of state securities laws in recommending the fund as an alternative to their current money market investment.

The attorneys at Colling, Gilbert, Wright & Carter have filed and are currently litigating dozens of claims on behalf of investors who were recommended the Schwab YieldPlus Fund as a money market alternative without adequate disclosure of the underlying fund holding or the risks associated with those holdings.

If you have lost money as a result of purchasing the Schwab YieldPlus Fund, contact our office today for a free case evaluation.