American Portfolios Financial Services has agreed to pay more than $5.1 million to resolve allegations that it overcharged customers for its cash sweep program and improperly held on to interest due ...

When a retiree parks six figures in the default cash position of a major brokerage, the firm quietly earns the difference ...

After nearly two years of escalating lawsuits accusing broker-dealers and asset managers of shortchanging clients on cash sweep interest, the legal momentum may be shifting back toward the firms. Over ...

SAN FRANCISCO, CA, June 25, 2026 (GLOBE NEWSWIRE) -- As organizations across commercial and private markets look for practical ways to earn yield on idle cash without disrupting their banking ...

The rush for a competitive yield has enveloped the sweep account, which has operated in a quiet, under-the-radar fashion off ...

The long-running cash sweep legal case centered on how the company moved, or swept, some Merrill Edge customers’ idle cash into accounts that paid interest that was below prevailing rates.

BNY Pershing’s plans to create a new charge on client cash held in accounts of RIAs that custody with Pershing and broker-dealers that use it for clearing are taking shape, with senior industry ...

Most brokers quietly earn the full short-term Treasury rate on your uninvested cash while crediting you a fraction of a percent, and the dollar difference on a typical balance over a year is not ...

Here's how to make sure your cash sweep program works for you — and why Robinhood Gold is a smart fit for whatever your financial strategy may be. By Anna Davies All products and services featured are ...

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 ...