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I received TWO checks for this settlement, despite only one Intelligent Portfolio account. A friend also received two but my sister only received one. It looks like there may be two facets of the settlement - one for "net profits of Schwab Bank on the cash allocations" and also each investors proportionate share, based on assets under management. These checks are from the Fair Fund. Has anyone else on this board gotten two checks? I can't figure it out . . . thanks! (i have Googled and found NOTHING so thought City Data might be helpful?)
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