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The Wall Street Journal, January 11, 2011 - "Schwab Pays in YieldPlus Settlement"

"Schwab Pays in YieldPlus Settlement" reports on Charles Schwab Corp.'s $119 million settlement with the SEC over its marketing of the YieldPlus fund as an ultra short bond fund despite the heavy concentration of private label mortgage back securities, it's high and misrepresented average maturity and low and misrepresented average credit quality. The SEC Complaint against the firm and the Complaint against Kim Daifotis and Randall Merk closely track the results of SLCG's independent research into YieldPlus. See YieldPlus Risk and What Does a Mutual Fund's Average Maturity Tell Investors?