Securities
Jul. 14, 2010
Schwab Claims Brokers Misstated Mortgage Risk
Charles Schwab Corp. sued brokers for fellow investment giants Merrill Lynch, UBS and J.P. Morgan, accusing them of misrepresenting the level of risk associated with mortgage-backed securities they sold the company.
Daily Journal Staff Writer
SAN FRANCISCO - Charles Schwab Corp. sued brokers for fellow investment giants Merrill Lynch, UBS and J.P. Morgan, accusing them of misrepresenting the level of risk associated with mortgage-backed securities they sold the company.
In the suit, which was filed in San Francisco County Superior Court late last month but has gone unreported, Schwab alleges that Merrill Lynch, UBS ...
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