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 ...
PALO ALTO, Calif., Nov. 27, 2023 /PRNewswire/ -- The intuitive investment and trading platform moomoo has recently updated its Cash Sweep program in the US, with a compelling 5.1% annual percentage ...
In the first full rejection of a lawsuit over firms' "cash sweeps," a federal judge has tossed claims that U.S. Bank was paying unreasonably low returns on money held in brokerage accounts. Processing ...
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Brokerage firm overcharged clients for cash sweep accounts, regulator says. It must pay $5.1 million.
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 ...
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