The Charles Schwab Corporation (SCHW) 

Investigation 

Bronstein, Gewirtz & Grossman, LLC is investigating potential claims on behalf of purchasers of The Charles Schwab Corporation ("Charles Schwab" or "the Company") (NYSE: SCHW). The investigation concerns whether Charles Schwab and certain of its officers and/or directors have violated federal securities laws.

 

On July 2, 2021, Charles Schwab disclosed in a filing with the U.S. Securities and Exchange Commission (“SEC”) that the Company “has been responding to an investigation by the [SEC] arising from a compliance examination” and that “[t]he investigation largely concerns historic disclosures related to the Schwab Intelligent Portfolios® (SIP) digital advisory solution.”  Accordingly, Charles Schwab disclosed that “[g]iven the investigation’s status, Schwab’s second quarter 2021 financial results will include a liability and related non-deductible charge of $200 million.”  On this news, Charles Schwab’s stock price fell $2.03 per share, or 2.79%, to close at $70.77 per share on July 6, 2021, the next trading day.

 

If you are aware of any facts relating to this investigation, or purchased Charles Schwab shares, you can review a copy of the complaint and sign the certification form. You can also contact Peretz Bronstein or his Investor Relations Analyst, Yael Hurwitz of Bronstein, Gewirtz & Grossman, LLC: 212-697-6484. 

Bronstein, Gewirtz & Grossman, LLC is a corporate litigation boutique.  Our primary expertise is the aggressive pursuit of litigation claims on behalf of our clients.  In addition to representing institutions and other investor plaintiffs in class action security litigation, the firm’s expertise includes general corporate and commercial litigation, as well as securities arbitration. Attorney advertising. Prior results do not guarantee similar outcomes.