
The Securities and Exchange Commission announced that Charles Schwab Investment Management and Charles Schwab & Co., Inc. Settled allegations that they made deceptive statements regarding the Schwab yieldplus Fund and failed to establish, maintain and enforce policies and procedures to prevent the misuse of material, nonpublic information. The SEC also charged CSIM and Schwab Investments with deviating from the yieldplus fund's concentration policy without obtaining the required shareholder approval. For more info visit https://www.sec.gov/news/press/2011/2011-7.htm