Bragar Eagel & Squire, P.C., a nationally recognized stockholder rights law firm, is investigating potential claims against The Charles Schwab Corporation (“Schwab” or the “Company”) (NYSE: SCHW, SCHW-PD, SCHW-PJ) on behalf of Schwab stockholders. Our investigation concerns whether Schwab has violated the federal securities laws and/or engaged in other unlawful business practices.
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On July 1, 2021, Schwab 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." Schwab further disclosed its "second quarter 2021 financial results will include a liability and related non-deductible charge of $200 million."
On this news, Schwab's share price dropped $0.77 per share, or approximately 1%, to close at $72.80 on July 2, 2021.
If you purchased or otherwise acquired Schwab shares and suffered a loss, are a long-term stockholder, have information, would like to learn more about these claims, or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Brandon Walker or Melissa Fortunato by email at investigations@bespc.com, by telephone at (212) 355-4648, or by filling out this contact form. There is no cost or obligation to you.
About Bragar Eagel & Squire, P.C.:
Bragar Eagel & Squire, P.C. is a nationally recognized law firm with offices in New York and California. The firm represents individual and institutional investors in commercial, securities, derivative, and other complex litigation in state and federal courts across the country. For more information about the firm, please visit www.bespc.com. Attorney advertising. Prior results do not guarantee similar outcomes.
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