Schwab Settles 2009 Auction-Rate Securities Suit

    

Charles Schwab Corp. and New York agreed to settle a 2009 lawsuit. The state accused the corporation of promoting auction-rate securities as safe while failing to disclose the risks before the market for them froze. The settlement was disclosed in a filing in state Supreme Court in Manhattan. No terms were provided.

More here: http://www.bloomberg.com/news/articles/2015-02-17/n-y-ends-2009-charles-schwab-suit-over-auction-rate-securities

Comments