FORT LAUDERDALE, FL--(MARKET WIRE)--Oct 23, 2008 -- The Law Office of David R. Chase, P.A. (the "Firm"), headed by former Securities and Exchange Commission Prosecutor and Special Assistant United States Attorney, David R. Chase, announces that it is has filed a FINRA (Financial Industry Regulatory Authority) arbitration claim against Charles Schwab & Co. ("Schwab") seeking damages in excess of $300,000.00 on behalf of a YieldPlus Fund Select Shares (NASDAQ:SWYSX - News) (the "Fund") Investor. The Firm continues to file arbitration claims on behalf of Schwab Fund Investors.

The FINRA arbitration claim alleges: breach of fiduciary duty, negligence, fraud, breach of contract and negligent supervision as against Schwab. It also alleges that Schwab misrepresented and failed to disclose critical information about the Fund.

The arbitration claim seeks the recovery of investment losses in excess of $300,000.00, in addition to interest, attorney's fees and punitive damages.

The Firm continues investigating investor claims for losses as against Schwab relating to the Fund and the YieldPlus Fund Investor Shares (NASDAQ:SWYPX - News).

Investors who have suffered substantial losses in the YieldPlus Funds should seriously consider pursuing their own individual arbitration claims as a potentially superior alternative to joining a class action. Unlike a class action, an arbitration claim allows you to: (1) chose your own counsel (only the lead plaintiff has this right in a class action), (2) have your unique facts presented to an arbitration panel, (3) control the decision whether to settle your case and for how much, and (4) generally secure a result within approximately twelve months, as opposed to potentially years with a class action.

The Law Office of David R. Chase, P.A., based in Fort Lauderdale, Florida, has extensive experience representing defrauded investors nationwide in securities litigation matters. The Firm's principal, David R. Chase, is AV-Rated by Martindale-Hubbell, and previously served as Senior Counsel in the Enforcement Division of the Securities and Exchange Commission, and as a Special Assistant United States Attorney in the Economic Crimes Division of the United States Attorney's Office in the Southern District of Florida. More about the firm is available on its website at: www.davidchaselaw.com.

If you, or your customers, suffered losses in the Schwab YieldPlus Funds and wish to discuss your legal rights, please contact:

     David R. Chase, Esq.
     Law Office of David R. Chase, P.A.
     1700 East Las Olas Boulevard
     Penthouse 2
     Fort Lauderdale, FL 33301
     888-337-8625 (Toll Free)
     954-920-7779
     Email: Email Contact