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 ...

Cash sweep account options have long been a source of contention. These programs, used by major broker-dealers as a short holding place for client cash that is between investments, are often ...

Banks often present auto-sweep facilities as an easy way to earn higher interest, but the way they work is simpler—and sometimes less generous—than the sales pitch suggests.

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 ...

Morgan Stanley said the Securities and Exchange Commission’s enforcement division closed its investigation into the company’s cash sweep practices and doesn’t intend to recommend an enforcement action ...

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 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 ...

Ameriprise and LPL Financial are both facing more lawsuits related to their cash sweep programs, while a New York-based law firm is looking into firms’ cash sweep practices with the aid of a former ...