San Diego, CA -- (SBWIRE) -- 09/22/2022 -- An investigation was announced for investors in shares of The Charles Schwab Corporation (NYSE: SCHW) over potential breaches of fiduciary duties by certain directors at Charles Schwab Corporation.

Investors who purchased shares of The Charles Schwab Corporation (NYSE: SCHW) have certain options and should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554.

The investigation by a law firm concerns whether certain Charles Schwab Corporation officers and directors breached their fiduciary duties and caused damage to the company and its shareholders.

On July 1, 2021, the Charles Schwab Corporation disclosed that the Company had been "responding to an investigation by the U.S. Securities and Exchange Commission (SEC) arising from a compliance examination." The investigation primarily concerned "historic disclosures related to the Schwab Intelligent Portfolios® (SIP) digital advisory solution." Charles Schwab further disclosed its "second quarter 2021 financial results will include a liability and related non-deductible charge of $200 million."

On June 13, 2022, the SEC announced that it "charged three Charles Schwab investment adviser subsidiaries" who "agreed to pay $187 million to harmed clients to settle the charges." The SEC charged Charles Schwab with misleading investors that used its robo-adviser product, Schwab Intelligent Portfolios. Instead of the touted "disciplined portfolio construction methodology" that sought "optimal return[s]", Charles Schwab's "own data showed that under most market conditions, the cash in the portfolios would cause clients to make less money even while taking on the same amount of risk."

Those who purchased shares of The Charles Schwab Corporation (NYSE: SCHW) have certain options and should contact the Shareholders Foundation.

Contact:
Shareholders Foundation, Inc.
Christopher Clausen
3111 Camino Del Rio North - Suite 423
92108 San Diego
Phone: +1-(858)-779-1554
Fax: +1-(858)-605-5739
mail@shareholdersfoundation.com

About The Shareholders Foundation
The Shareholders Foundation, Inc. is a professional portfolio monitoring and settlement claim filing service, , which does research related to shareholder issues and informs investors of securities class actions, settlements, judgments, and other legal related news to the stock/financial market. Shareholders Foundation, Inc. is in contact with a large number of shareholders and offers help, support, and assistance for every shareholder. The Shareholders Foundation, Inc. is not a law firm. Referenced cases, investigation, and/or settlements are not filed/reached and/or related to Shareholders Foundation. The information is provided as a public service. It is not intended as legal advice and should not be relied upon.