Charles Schwab YieldPlus Funds Lawyer

Serving Orlando, Florida and taking cases Nationwide

The law firm of Colling Gilbert Wright & Carter is representing fraud victims who purchased Schwab YieldPlus Funds Investor Shares (Nasdaq: SWYSX) or Schwab YieldPlus Funds Select Shares (Nasdaq: SWYPX) from Charles Schwab Corporation ("Charles Schwab" or the "Company") (Nasdaq: SCHW) from March 17, 2005 to March 18, 2008 and have suffered investment losses. If you’ve suffered losses due to the purchase of these bond funds and would like to have a free case evaluation, email us.

Misrepresentation in the marketing and sale of Schwab YieldPlus Mutual Funds.

Allegedly, Charles Schwab Corporation, headquartered in San Francisco, CA, the funds' underwriter, investment advisers and officers and directors issued untrue statements regarding the lack of diversification of these funds and the extent of investments assigned to sub-prime mortgage backed and related securities. A recently filed class-action complaint alleges the funds registration statements and prospectuses contained untrue statements of material facts, and omitted important information regarding the funds' investments, ultimately misleading investors. On Nov. 15, 2004, the Company began offering the Schwab YieldPlus investment funds through a registration statement and prospectus. The YieldPlus funds are advertised by the defendants as 'a safe alternative to money market funds that preserve principal while being designed with your income needs in mind'. Throughout the Class Period the Company claimed the funds were investments in a large, well-diversified portfolio, a seasoned team of taxable bond portfolio managers actively managed the funds, and that investment in Schwab YieldPlus would return higher yields on cash with only marginally higher risk, a smart alternative. Since July of 2007, the share price for the funds began lowering, for a total loss of 18 percent. As of March 20, 2008, the funds stand at an all-time low of $7.96, down more than 11 percent from Jan. 1, 2008. The class- action lawsuit claims the funds are not well diversified, instead concentrated in a single risky industry with more than 50 percent of the funds assets invested in the mortgage industry.

At least on class action lawsuit has been filed on behalf of investors in the high income bond funds. However, Colling, Gilbert, Wright & Carter encourages fund purchasers to contact our offices at (866) 352 3476 or email our charles schwab yieldplus funds lawyers to determine if it may be to your benefit to file an individual arbitration claim which may result in a higher recovery.