Search for: "Schwab Money Market Fund"
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26 Mar 2008, 1:28 pm
Many of the advisors have complained that they believed the fund was essentially a low-risk money-market fund and, indeed, Schwab and other firms have often promoted these funds as cash alternatives since 2003 when money market rates hovered at around one percent. [read post]
26 Apr 2008, 2:06 pm
It was pitched as an alternative to a money-market fund. [read post]
13 Oct 2008, 10:22 pm
Schwab had recommended that the investor exchange his money market holdings for shares of the YieldPlus Fund. [read post]
21 Jul 2009, 7:48 am
Schwab had marketed YieldPlus as a low risk, higher yielding alternative to money market funds. [read post]
14 Jan 2011, 8:55 am
The Schwab YieldPlus Fund, which at its peak had $13.5 billion in assets and more than 200,000 accounts, was marketed as a cash alternative with only slightly more risk than a money market fund, even though at one point half of the fund’s assets were invested in private issuer and mortgage back securities with maturities and credit quality significantly different than investments made by money market… [read post]
14 Apr 2010, 8:25 am
Schwab touted its YieldPlus Fund as a near cash equivalent or money market fund. [read post]
24 Mar 2010, 8:55 pm
Schwab contends that it never misrepresented the fund when it compared it to money market funds. [read post]
10 Sep 2009, 1:33 pm
Specifically, the Kellys' arbitration claim (FINRA Case No. 08-02307) alleged that Charles Schwab marketed and sold the Schwab YieldPlus Funds as a conservative investment alternative to money market funds. [read post]
27 Mar 2011, 4:02 pm
The Financial Industry Regulatory Authority ("FINRA") determined that Schwab misrepresented the YieldPlus fund as a low risk alternative to money market funds despite the disproportionate impact the upheaval in the mortgage-backed securities market had on the YieldPlus portfolio. [read post]
6 Feb 2011, 8:20 am
Recently the arbitration process at FINRA resolved a dispute alleging misdeeds by Schwab in the marketing of its YieldPlus short-term bond fund. [read post]
16 Sep 2009, 7:43 am
"We continue to receive inquiries from investors who acquired the YieldPlus Fund as a result of Schwab's misrepresentation of it as a suitable alternative to a money market fund," said J. [read post]
7 May 2010, 5:00 am
YieldPlus was originally marketed as an alternative to a money market fund. [read post]
18 Jun 2009, 2:15 pm
Once regarded as the retail investors' friend, and somehow different from other fee-driven brokerage firms, Charles Schwab has been battling retail investors who were sold the Schwab YieldPlus Fund as a cash-equivalent investment, similar to a money market fund. [read post]
17 Sep 2008, 4:28 pm
" Legg Mason, SunTrust, Morgan Stanley, Charles Schwab, Wachovia, Bank of America, and Credit Suisse are among the firms that have supported their money market funds in this manner. [read post]
20 Oct 2009, 5:43 am
The Schwab Yield Plus Funds - the Schwab Yield Plus Funds Investor Shares (SWYSX) and the Schwab Yield Plus Funds Select Shares (SWYPX) - were initially offered as an safe, conservative investment alternative to money market accounts. [read post]
13 Jun 2022, 6:56 am
” In reality, Schwab’s own data showed that under most market conditions, the cash in the portfolios would cause clients to make less money even while taking on the same amount of risk. [read post]
22 Apr 2010, 6:03 pm
Like Schwab’s Yield Plus fund, SWYCX was marketed as an ultra short-term bond fund and an alterative to money market holdings or cash. [read post]
16 Dec 2009, 9:23 am
These arbitrations allege that Charles Schwab misrepresented the Schwab YieldPlus Fund as a safe alternative to money market funds, and misrepresented or omitted other important facts about the funds, such as the fact that the fund’s holdings were over-concentrated in toxic mortgage backed securities. [read post]
16 Jan 2011, 11:14 am
This finding was that during the existence of the fund things changed in the underlying mortgage-backed securities market but Charles Schwab did not change its marketing information. [read post]
2 Nov 2009, 2:15 pm
The Schwab YieldPlus Fund, which was misrepresented to investors as low risk alternative to a money market fund, lost over 50% of its reported net asset value in 2007 and 2008. [read post]
