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Press release content from Business Wire. The AP news staff was not involved in its creation.
PRESS RELEASE: Paid content from Business Wire
Press release content from Business Wire. The AP news staff was not involved in its creation.

INVESTOR ALERT: Kirby McInerney LLP Announces an Investigation of Shareholder Claims Against Charles Schwab Corp.

July 13, 2021 GMT

NEW YORK--(BUSINESS WIRE)--Jul 13, 2021--

The law firm of Kirby McInerney LLP is investigating potential claims against Charles Schwab Corporation (“Charles Schwab” or the “Company”) (NYSE: SCHW ). The investigation concerns whether Schwab has violated the federal securities laws and/or engaged in other unlawful business practices.

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On July 2, 2021, Charles Schwab said it will take a $200 million charge in the second quarter related to a U.S. Securities and Exchange Commission probe of its robo-adviser platform. The compliance inquiry relates to past disclosures around the firm’s Schwab Intelligent Portfolios product.

Following this news, Charles Schwab stock price declined by $2.03 per share, or 2.79%, from $72.80 per share to close at $70.77 per share on July 6, 2021.

If you purchased or otherwise acquired Charles Schwab securities, have information, or would like to learn more about these claims, please contact Thomas W. Elrod of Kirby McInerney LLP at 212-371-6600, by email at investigations@kmllp.com, or by filling out this contact form, to discuss your rights or interests with respect to these matters without any cost to you.

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Kirby McInerney LLP is a New York-based plaintiffs’ law firm concentrating in securities, antitrust, whistleblower, and consumer litigation. The firm’s efforts on behalf of shareholders in securities litigation have resulted in recoveries totaling billions of dollars. Additional information about the firm can be found at Kirby McInerney LLP’s website: http://www.kmllp.com.

This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and ethical rules.

View source version on businesswire.com:https://www.businesswire.com/news/home/20210713005974/en/

CONTACT: Kirby McInerney LLP

Thomas W. Elrod, Esq.

212-371-6600

https://www.kmllp.com

investigations@kmllp.com

KEYWORD: UNITED STATES NORTH AMERICA CALIFORNIA NEW YORK

INDUSTRY KEYWORD: LEGAL PROFESSIONAL SERVICES

SOURCE: Kirby McInerney LLP

Copyright Business Wire 2021.

PUB: 07/13/2021 12:30 PM/DISC: 07/13/2021 12:31 PM

http://www.businesswire.com/news/home/20210713005974/en