RESPECTED INVESTOR ADVISOR ROSEN Encourages Charles Schwab Corporation Investors to Learn About Securities Class Action Investigation
NEW YORK, July 1, 2022 /PRNewswire/ —
WHY: Rosen Law Firm, a global investor rights law firm, continues to investigate possible securities claims on behalf of shareholders of The Charles Schwab Corporation (NYSE: SCHW) arising from allegations that Schwab may have provide misleading business information to the investing public.
SO WHAT: If you purchased Schwab securities, you may be entitled to compensation without payment of disbursements or fees through a contingency fee arrangement. The law firm Rosen is preparing a class action lawsuit seeking to recover the losses of the investors.
WHAT TO DO NEXT: To join the potential class action, go to https://rosenlegal.com/submit-form/?case_id=6945 or call Phillip Kim, Esq. toll free at 866-767-3653 or by email [email protected] Where [email protected] for more information on the class action.
WHAT DOES IT TALK ABOUT: On July 1, 2021, Schwab disclosed that the company had “responded to a United States Securities and Exchange Commission (SEC) investigation resulting from a compliance review.” The investigation primarily concerned “historical disclosures related to the Schwab Intelligent Portfolios® (SIP) digital advisory solution.” Schwab further disclosed that its “second quarter 2021 financial results will include a liability and related non-deductible charge of $200 million.”
At this news, Schwab’s share price plummeted. $0.77 per share, or approximately 1%, to close at $72.80 on July 2, 2021.
On June 13, 2022the SEC announced that it “has charged three Charles Schwab subsidiaries of investment advisers” who “agreed to pay $187 million The SEC accused Schwab of misleading investors who used its robo-advisor product, Schwab Intelligent Portfolios.[s]”, Schwab’s “own data showed that under most market conditions, portfolio liquidity would cause clients to make less money even when taking on the same level of risk.”
At this news, Schwab’s share price plummeted. $1.98 per share, or approximately 3%, to close June 13, 2022 at $60.24.
WHY THE ROSEN LAW: We encourage investors to select qualified attorneys with proven track records in leadership roles. Often, companies issuing reviews do not have comparable experience, resources, or significant peer recognition. Many of these companies do not bring securities class action lawsuits. Be wise in choosing lawyers. Rosen Law Firm represents investors worldwide, focusing its practice on securities class action and shareholder derivative litigation. Rosen Law Firm has reached the largest securities class action settlement against a Chinese company. Rosen Law Firm was ranked #1 by ISS Securities Class Action Services for the number of securities class action settlements in 2017. The firm has ranked in the top 4 every year since 2013 and has recovered hundreds of million dollars for investors. In 2019 alone, the company obtained more than $438 million for investors. In 2020, founding partner Laurence Rosen has been named by law360 as a Titan of the Plaintiffs Bar. Many of the firm’s attorneys have been recognized by Lawdragon and Super Lawyers.
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Contact information:
Laurence Rosen, Esq.
Phillip Kim, Esq.
The Rosen Law Firm, Pennsylvania
275 Madison Avenue, 40th Floor
New York, NY 10016
Tel: (212) 686-1060
Toll Free: (866) 767-3653
Fax: (212) 202-3827
[email protected]
[email protected]
[email protected]
www.rosenlegal.com
SOURCE Rosen Law Firm, Pennsylvania
