The Newswire for Business Lawyers

SEC Puts Schwab On Notice Over Mutual Funds

Law360, New York (October 15, 2009) -- Charles Schwab Corp. is facing a possible enforcement action by the U.S. Securities and Exchange Commission over two mutual funds that invested heavily in mortgage-backed securities.

The brokerage said in a regulatory filing Wednesday that it had received a Wells notice alerting it that SEC staff intended to recommend the filing of an enforcement action against...

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