Have you suffered losses due to your investment in Charles Schwab’s Total Bond Market Fund? If you did, the attorneys of The White Law Group may be able to help you recover your investment losses through FINRA arbitration.
There is still time to recover these losses under FINRA rules as long as the claim is brought within 6 years of the event or occurrence giving rise to the claim. The White Law Group’s securities practice is focused on FINRA arbitration and has the experience to help guide you through the recovery process.
According to the investmentnews.com a class action lawsuit filed in September of 2010 alleged that the “Total Bond Market Fund, which was represented as tracking the Lehman Brothers U.S. Aggregate Bond Index, loaded up with mortgage-backed securities prior to the financial crisis.”
That lawsuit formed a class of investors who had purchased the investment after May 31, 2007 because it is alleged that “By that time, the fund had significantly deviated” from the investment objectives presented to investors at the time of purchase.
The investment news reported that “In 2007, the Schwab fund held over 67% in residential-mortgage-backed securities, the lawsuit claims, while the Lehman index, since renamed the Barclay’s U.S. Aggregate Bond Index, had a 37% weighting.”
If you invested in Charles Schwab’s Total Bond Market Fund, did not participate in a class action lawsuit and lost money on your investment you may be able to recover your investment through FINRA dispute resolution.
To speak to a securities attorney about your potential to recover losses by way of a FINRA claim against the broker and/or brokerage firm that recommended the investment to you please call our Chicago office at 312-238-9650.
The White Law Group, LLC is a national securities fraud, securities arbitration, investor protection, and securities regulation/compliance law firm with offices in Chicago, Illinois and Boca Raton, Florida.
For more information on The White Law Group, please visit our website at http://www.whitesecuritieslaw.com.