You need to stay on your game. Schwab’s website showed some investors in preferred stocks and fixed income securities incorrect prices for about a week now. I am not picking on Schwab, but this is the last thing income investors need to deal with. The Fed’s low rates have made it hard enough already.
Investors using Schwab, which had nine million active brokerage accounts at the end of last month, have been grappling with the incorrect prices for about a week now, according to the spokesman. Logging into Schwab’s website until Tuesday gave investors a message warning that “holders of some preferred and fixed income securities may be seeing some incorrect values.”