MARK LUDWIG SIMMEL

MARK LUDWIG SIMMEL is currently employed as a Broker and/or Investment Adviser at CHARLES SCHWAB & CO., INC. located at 8332 Woodfield Crossing Blvd, Indianapolis, IN, 46240-2482.

MARK LUDWIG SIMMEL has worked at CHARLES SCHWAB & CO., INC. since October 04, 2012

Disclosure History

MARK LUDWIG SIMMEL has 1 Disclosure Event(s).

Date: January 23, 2009
Category: Customer Dispute
Allegations: THE CLIENT ALLEGES MISREPRESENTATION OF THE RESERVE YIELD PLUS FUND (RYPQX).
Damage Amount Requested: $103,901.00
Broker Comment: IN SEPT 08, THE RESERVE FUND ISSUED A PRESS RELEASE INDICATING SOME OF ITS FUNDS WOULD "BREAK THE BUCK." SUBSEQUENTLY, THE RESERVE FUND ISSUED INTENTIONS TO LIQUIDATE SOME FUNDS. THIS RESULTED IN SOME POSITIONS, INCLUDING RYPQX, UNAVAILABLE FOR IMMEDIATE REDEMPTION AWAITING THE RESERVE FUND'S LIQUIDATION AND DISTRIBUTION OF FUNDS. THE RESERVE FUND'S REDEEMED $304,688.99 IN THE CLIENT'S POSITION.

More Information

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