2022-06-30 | NYSE: SCHW | Press release
LOS ANGELES, June 30, 2022 /PRNewswire/ — The Schall Law Firm, a national firm specializing in shareholder rights litigation, announces that it is investigating claims on behalf of investors of The Charles Schwab Corporation (“Charles Schwabor “the Company”) (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 the June 13, 2022that he had “indicted three Charles Schwab subsidiaries of investment advisers” who “agreed to pay $187 million to aggrieved customers to pay the costs. 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 market, cash in wallets would result in clients making less money even when taking on the same level of risk.” Based on this news, shares of Charles Schwab down about 3% on June 13, 2022.
If you are a shareholder who suffered a loss, click here to participate.
We also invite 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 e-mail 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.
This press release may be considered attorney advertising in certain jurisdictions under applicable law and ethical requirements.
Schall law firm
Brian Schall, Esq.
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