The securities law firm of Klayman & Toskes filed an arbitration claim seeking damages of $125,000 against Charles Schwab from the Financial Industry Regulatory Authority's office of dispute resolution, according to a release from the law firm.

In the past year, the Schwab Yield funds, YieldPlus and YieldPlus Select have all declined in value due to exposure to subprime related holdings and mismanagement of the funds.

Subscribe Now

Access to a full range of industry content, analysis and expert commentary.

30-Day Free Trial

No credit card required. Access coverage of the securitization marketplace, including breaking news updated throughout the day.