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 ...

The cash sweep lawsuits continue to pile up, as Ameriprise Financial and LPL Financial were hit again this week with class action suits calling them to task for “paltry” interest rates paid to clients ...

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

(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 ...

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 ...

Wells Fargo faces another potential class action lawsuit in the growing controversy embroiling the bank’s cash sweep deposit programs. Scotch Plains, N.J.-based Daniel Varady filed his suit seeking a ...

The financial advice industry’s skirmish over cash sweep accounts is taking another turn, with clearing giant Pershing evaluating plans to create a new charge, akin to a tax, on cash held by its ...

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 ...

Imagine signing up to a market-leading internet provider, only to discover sometime later that not only were other companies offering better deals, but your provider hadn’t exactly broken its back to ...

In the world of investing, there are a lot of different options at your disposal with different rewards and risks. If you were to break investing down into three tiers you could have the following: ...

The stars – and the bonuses – at night are big and bright at this new sweeps cash casino. LoneStar Casino is throwing down one of the best welcome offers of the season, and, yes, you can play for free ...