I had a Deutschre Managed Municipal Bond Fund-S with DWS Scudder which I have had since 1989 or so. The December Year-End Account Statement which I received on January 7, 2021 showed and ending portfolio value on 12/31/2020 of $94,595,36. At the bottom of the Statement are the following words: "Not FDIC Insured . No Bank Guarantee . May Lose Value" The balance in my fund Account 917700526 is now zero and I have received no communication why they have reduced my account to nothing. I do not believe DWS Scudder is justified in taking my entire funds without any explanation or warning.
DWS Scudder Reviews
I had a Deutschre Managed Municipal Bond Fund-S with DWS Scudder which I have had since 1989 or so. The December Year-End Account Statement which I received on January 7, 2021 showed and ending portfolio value on 12/31/2020 of $94,595,36. At the bottom of the Statement are the following words: "Not FDIC Insured . No Bank Guarantee . May Lose Value" The balance in my fund Account 917700526 is now zero and I have received no communication why they have reduced my account to nothing. I do not believe DWS Scudder is justified in taking my entire funds without any explanation or warning.