The Securities Law Firm of Klayman & Toskes Continues to File Arbitration Claims Against Charles Schwab for Losses Sustained in YieldPlus Funds — SCHW, SWYSX, SWYPX
NEW YORK, Oct. 31, 2008 (GLOBE NEWSWIRE) -- The Securities Law Firm of Klayman & Toskes, P.A., www.nasd-law.com, announced today that it filed two more securities arbitration claims against Charles Schwab (Nasdaq:SCHW) with the Financial Industry Regulatory Authority's ("FINRA") Office of Dispute Resolution. The claims were filed on behalf of investors who purchased Schwab's YieldPlus Select Fund (Nasdaq:SWYSX) and Schwab's YieldPlus Fund (Nasdaq:SWYPX). The Claimants alleged that they purchased the YieldPlus Funds as alternatives to money market funds, where they sought income with little to no risk. Instead, the value of their investments has experienced significant declines.Filed by admin at October 31st, 2008 under News