Charles Schwab Corp. will pay $18 million to settle regulatory charges that it hid mortgage-related risks in a bond mutual fund from investors.

Schwab will give up $17.5 million in fees that it collected for selling the Schwab YieldPlus fund, and pay a $500,000 fine as part of the settlement with the Financial Industry Regulatory Authority.

The money will go into a fund established by the U.S. Securities and Exchange Commission and be used to make restitution to investors.

Schwab did not admit wrongdoing in settling with FINRA.