Fox-Pitt Kelton analyst David Trone said in a note that Schwab 's current client ARS holdings are likely in the $ 500m range . " Like other retail brokers , even though it probably has a strong legal position , we expect Schwab to ultimately repurchase these securities from clients to avoid negative press , " Trone said , adding he does not expect the civil fraud suit to materially impact the company 's results . " The brand 's squeaky clean image is important to the model , and we don 't expect any damage , " the analyst said .