On January 12, 2011, Charles Schwab Corp. announced a settlement with the SEC related to claims that it misled investors in connection with a mutual fund heavily invested in private mortgage-backed securities. The SEC’s claims included that the mutual fund, YieldPlus, was improperly marketed as low risk, and that the fund violated its own investment concentration rules. The case will proceed against the named individual defendants, who were not part of the settlement.  SEC Press Release.