Ballard Spahr partner Steven King commented on the Securities and Exchange Commission's filing of charges against Charles Schwab & Co. executives and its $119 million settlement with Schwab over misleading statements made about its YieldPlus fund.

Mr. King, responding to questions via e-mail, said the charges against the executives are part of what appears to be a growing SEC trend "in which the agency is increasing scrutiny of (and commencement of enforcement actions against) individuals (rather than just their corporate employers) which the SEC deems responsible for alleged securities law violations. I believe this trend will continue in the future."