Charles Schwab Found Liable in YieldPlus FINRA Arbitration According to Aidikoff, Uhl & Bakhtiari - SCHW, SWYSX, SWYPX

• Press Release
• Source: Aidikoff, Uhl & Bakhtiari
• On 3:59 pm EDT, Tuesday October 6, 2009

BEVERLY HILLS, Calif., Oct. 6, 2009 (GLOBE NEWSWIRE) -- A Los Angeles based Financial Industry Regulatory Authority (FINRA) arbitration panel awarded damages to the Eliot family who invested in the Charles Schwab YieldPlus fund. The panel awarded the Eliot claimants approximately 125 percent of their net out of pocket losses. The panel also awarded expert witness costs and assessed the entire cost of the arbitration proceeding against Charles Schwab (Nasdaq:SCHW - News).

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Symbol	Price	Change
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"We have now won the first six arbitration cases that have been presented to a panel of three arbitrators," said attorney Ryan K. Bakhtiari who was lead counsel. "Although Charles Schwab recommended the purchase of the Schwab YieldPlus Fund Select Shares (Nasdaq:SWYSX - News) and the Schwab YieldPlus Investor Shares (Nasdaq:SWYPX - News) (the 'YieldPlus Funds') as safe conservative cash alternatives to investors, the evidence established that the YieldPlus funds were over concentrated in mortgage backed securities."

The portfolio manager of the YieldPlus fund liquidated 2.9 million shares of the YieldPlus fund between January 31, 2008, and April 1, 2008, on behalf of certain Schwab Target retirement mutual funds that held YieldPlus. At the same time, Charles Schwab encouraged investors to hold YieldPlus and expressed confidence in the fund. "We are continuing to pursue FINRA arbitrations claims on behalf of investors who suffered losses in the YieldPlus Funds," added co-counsel Marnie Lambert.

More information is available at http://www.subprimelosses.com/charles-schwab.php or by contacting an attorney below.

Aidikoff, Uhl & Bakhtiari
Beverly Hills, California
Ryan K. Bakhtiari
(800) 382-7969
rbakhtiari@aol.com 
Maddox, Hargett & Caruso, P.C.
Indianapolis, Indiana; New York, New York
Thomas A. Hargett
(800) 505-5515
tahargett@mhclaw.com 
Page Perry, LLC
Atlanta, Georgia
J. Boyd Page
(877) 673-0047
jbpage@pageperry.com 
David P. Meyer & Associates, Co., L.P.A.
Columbus, Ohio
Marnie Lambert
(866) 827-6537
dmeyer@dmlaws.com