American Portfolios Financial Services, now part of Osaic, allegedly failed to abide by its stated policies regarding cash ...

Two weeks after it was sued for a program in which it makes money on parked client cash, LPL has been sued again by another client for the same reason. These accounts, known as cash sweeps, have ...

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LPL Financial is facing a second lawsuit over its cash sweep program. Douglas Nevitt, a 66-year-old Illinois construction retiree, has filed a suit in California federal court accusing the firm of ...

(Reuters) -The spate of regulatory investigations into wealth managers' cash sweep programs could hurt their credit ratings, Moody's Ratings warned on Thursday, underscoring the threat to the ...

The legal scrutiny of how banks and brokerages treat their customers during high interest rates intensifies as the phase is drawing to a close. Many large U.S. banks are accused of deceiving clients ...

You might not think about the idle cash in your brokerage account very often. But behind the scenes, your money may be earning your brokerage company a lot more interest than it is earning you. Cash ...

Wells Fargo, Merrill Lynch and Morgan Stanley are facing separate class action complaints accusing the wirehouses of generating “massive revenue” to the detriment of clients through their cash sweep ...

A new lawsuit against LPL Financial purports to lift the veil on just how dependent some wealth managers have become on so-called cash sweeps for profits. Processing Content A putative class action ...

Regulatory pressure rose further on firms' handling of clients' uninvested cash with Morgan Stanley disclosing it is responding to SEC inquiries into its sweeps policies. Morgan Stanley is among a ...

State Street Investment Management and Galaxy Asset Management are joining forces with Ondo Finance on a tokenized liquidity ...