LOS ANGELES–(BUSINESS WIRE)–The Schall Law Firm, a national shareholder rights litigation firm, announces that it is investigating claims on behalf of investors of The Charles Schwab Corporation (“Charles Schwab” or “the ”) (NYSE: SCHW) for violating securities laws.
The investigation aims to determine whether the Company has made false and/or misleading statements and/or has failed to disclose relevant information to investors. The SEC announced on June 13, 2022 that it had “charged three affiliates of Charles Schwab’s investment advisers” who “agreed to pay harmed clients $187 million to settle the charges.” According to the SEC, the company misrepresented its robo-advisor as using a “disciplined portfolio construction methodology” that sought “optimal returns,” when the “company’s own data showed that under most conditions of the market, the liquidity of the portfolios would induce clients to earn less money even when taking the same risk. Based on this news, shares of Charles Schwab fell about 3% on June 13, 2022.
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We also encourage you to contact Brian Schall of Schall Law Firm, 2049 Century Park East, Suite 2460, Los Angeles, CA 90067, at 310-301-3335, to discuss your rights free of charge. You can also reach us via the firm’s website at www.schallfirm.com or by email at [email protected]
The class in this case has not yet been certified, and until certification occurs, you are not represented by an attorney. If you choose to do nothing, you can remain an absent member of the group.
Schall Law Firm represents investors worldwide and specializes in securities class action and shareholder rights litigation.
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Brian Schall, Esq.