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Levi & Korsinsky, LLP announces that a class lawsuit has been commenced in the United States District Court for the Northern District of California on behalf of clients of The Charles Schwab Corporation during the period between July 13, 2011 and July 13, 2016.
The complaint charges The Charles Schwab Corporation, its subsidiary Charles Schwab & Co., Inc., its President and CEO, Walter Bettinger II, and its Chairman and namesake, Charles Schwab with violations of the Securities Exchange Act of 1934. The Charles Schwab Corporation provides online brokerage services to retail investors, and the Complaint alleges that Defendants made materially false and misleading statements and/or omitted adverse facts about routing of its clients’ trades.
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