Aidikoff, Uhl & Bakhtiari announces that the deadline to opt out of the Schwab YieldPlus class action lawsuit is quick approaching. Schwab YieldPlusFund investors who are members of the class action — which involvesthe Schwab YieldPlus Fund Select Shares (Nasdaq:SWYSX) and the SchwabYieldPlus Investor Shares (Nasdaq:SWYPX) — have approximately 33 daysto submit their request to opt out of the class action if they wish topursue an individual arbitration claim with the Financial IndustryRegulatory Authority (FINRA).”Charles Schwab marketed and sold the Schwab YieldPlus Funds as safe,cash-like investment alternatives.
Posts Tagged ‘Instances’
33 Days to Opt Out of Schwab Yield Plus Class Action
November 24th, 2009 
Before You Invest 
Posted in Finance Fraud 
Tags: Action Representation, Arbitration, Attractive Option, Bakhtiari, Charles Schwab, Class Action Lawsuit, December 28, Financial Losses, Instances, Investment Alternatives, Investments, Investor Shares, Law Firms, Legal Option, Mortgage, Nasdaq, Option Investors, Schwab Yieldplus, Swysx, Uhl 
No Comments »Nearly a Dozen Charged in Counterfeit Credit Card Scheme – kaaltv.com – 06 Sep 09
September 11th, 2009 Before You Invest Posted at: 09/06/2009 8:56 PMBy: Michelle KnollPrint Tale Email to a FriendNearly a Dozen Charged in Counterfeit Credit Card SchemeProsecutors have charged eleven people in an elaborate, counterfeit credit card scheme. Eight of them are in custody. Federal investigators are still looking for the other three defendants.According to the criminal complaint, between July 2008 and April 2009 the group is accused of purchasing the personal information of Capitol One Bank customers from an online source in the Ukraine, who illegally profited from the sale.It says the group then used the information to make counterfeit credit card accounts, withdrawing more than $652,205.49 from more than 170 ATMs throughout the Twin Cities.The FBI says in some instances, the stolen money was converted into cashier checks and used to buy vehicle parts or vehicles with salvaged titles.
Posted in Finance Fraud Tags: Atms, Auto Auctions, Bank Accounts, Bank Customers, Bank Fraud, Capitol One Bank, Card Scheme, Cashier Checks, Conspirators, Criminal Complaint, Device Fraud, Email, Email To A Friend, Fbi, Federal Investigators, Fraudulent Checks, Inflated Price, Instances, Knoll, Living In Minneapolis, Prosecutors, Twin Cities No Comments »HSBC fined over data losses
July 23rd, 2009 Before You Invest HSBC has been hit with fines totaling over $4.9 billion after failing to implement adequate customer data protection systems.The Financial Services Authority (FSA) has penalized three companies operating under the HSBC name – HSBC Life UK, HSBC Actuaries and Consultants and HSBC Insurance Brokers – after their failings resulted in customer information being lost in the post on two occasions.Data relating to pension scheme members was mislaid in July 2007 and in February 2008 details of around 180,000 policy holders were lost when an unencrypted CD went missing.Director of enforcement at the FSA Margaret Cole described the security breaches as “very disappointing”.”All three firms failed their customers by being careless with personal details which could have finished up in the hands of criminals,” she remarked, adding that it was “worrying” that the companies were not more alert to the dangers of fraud.KPMG recently released a report showing that instances of fraud reached a record high for a six-month period during the first half of 2009.
Posted in Finance Fraud Tags: Actuaries, Criminals, Customer Data, Customer Information, Financial Services Authority, Fraud, Fsa, Hsbc Actuaries And Consultants, Hsbc Insurance Brokers, Hsbc Uk, Instances, Insurance, Kpmg, Losses, Pension Scheme, Scheme Members, Security Breaches, Two Occasions, Unencrypted No Comments »B of A pushes ceiling on fees
April 11th, 2009 Before You Invest (Crain’s) — It’s about to get more expensive for Bank of America Corp. customers who bounce a check.The North Carolina-based bank, which has a strong presence in the Chicago area, is bumping its overdraft fee to $39, up $4, on June 5. The new charge is among the highest in the nation.In addition, the bank is increasing the number of times in a day it can hit customers with that $39-overdraft fee.
Posted in Finance Fraud Tags: Aggregates, Bank Of America, Bank Of America Corp, Chicago Area, Citibank, Customer Behaviors, Economic Conditions, Fee Structures, Instances, Insufficient Funds, Jpmorgan Chase, Occurrence, Overdraft Fee, Overdraft Fees, Presence, Seven Times, Single Day, Spokesman, Tiered System, Time Charge No Comments »
