Regulator says flawed disclosures and weak oversight led to excess fees and hidden interest at American Portfolios.

Learn how credit sweeps automate cash management to reduce debt costs. Discover examples and understand their benefits for ...

The U.S. Securities and Exchange Commission has officially closed its yearlong investigation into Morgan Stanley’s cash sweep practices in advisory accounts—without recommending any enforcement action ...

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

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 ...

FILE PHOTO: People exit the headquarters of the U.S. Securities and Exchange Commission (SEC) in Washington, D.C. (Reuters) -The U.S. Securities and Exchange Commission has ended its investigation ...

The announcement came as the first major fine imposed since regulators and plaintiffs' lawyers started scrutinizing over a year ago how large firms handle clients' uninvested cash. So-called sweeps ...

Merrill Lynch and two Wells Fargo advisory firms have agreed to pay a combined $60 million in civil penalties to settle Securities and Exchange Commission charges that they failed to pay advisory ...

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 ...

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 ...

QWells Fargo brokerage recently instituted a policy that directs all cash in a brokerage account into its Wells Fargo Cash Sweep. Interest paid varies based on the total account value -- from 0.3 ...