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

Charles Schwab Corporation Investors: Company Investigated by the Portnoy Law Firm

July 6, 2021 GMT

LOS ANGELES, July 06, 2021 (GLOBE NEWSWIRE) -- The Portnoy Law Firm advises Charles Schwab Corporation (“Charles Schwab” or the “Company”) (NYSE: SCHW) investors that the firm has initiated an investigation into possible securities fraud, and may file a class action on behalf of investors.

Investors are encouraged to contact attorney Lesley F. Portnoy, by phone 310-692-8883 or email: lesley@portnoylaw.com, to discuss their legal rights, or click here to join the case via www.portnoylaw.com. The Portnoy Law Firm can provide a complimentary case evaluation and discuss investors’ options for pursuing claims to recover their losses.

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Charles Schwab said on July 2, 2021, that it will take a $200 million charge in the second quarter in relation to a U.S. Securities and Exchange Commission probe of its robo-adviser platform. The compliance inquiry is in relation to past disclosures around the firm’s Schwab Intelligent Portfolios product. On July 6, 2021, in late morning trading, Charles Schwab stock was trading down over 2% following this news.

Please visit our website to review more information and submit your transaction information.

The Portnoy Law Firm represents investors in pursuing claims arising from corporate wrongdoing. The Firm’s founding partner has recovered over $5.5 billion for aggrieved investors. Attorney advertising. Prior results do not guarantee similar outcomes.

Lesley F. Portnoy, Esq.
Admitted CA and NY Bar
lesley@portnoylaw.com
310-692-8883
www.portnoylaw.com  

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