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

To keep your spare cash growing, consider placing it in a high-yield savings account or investing in securities with strong return potential. Letting your money sit idle is a missed opportunity to ...

Ameriprise on Monday became the latest brokerage to be sued over its cash sweep account program, facing allegations that the company failed as a fiduciary by keeping big spreads for itself rather than ...

Long maligned by investors, cash sweep accounts that offer very low interest rates have been getting hit from all sides of late, whether it’s in the form of lawsuits, regulatory fines or the exodus of ...

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 ...

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 ...

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 ...

With the Securities and Exchange Commission teeing up an inquiry into another giant firm's cash sweep business, this time that of Wells Fargo & Co., securities attorneys said there is plenty for ...

Gabriela Walsh is a Certified Educator in Personal Finance® and a personal finance editor at Red Ventures. Her previous work experience includes various editorial positions at FinanceBuzz. She ...

Charles Schwab reported a jump in customers’ uninvested cash held in sweep accounts, a sign the company is putting its cash-sorting woes firmly in the rearview mirror. Cash-sorting refers to the ...