Recent months have seen a significant increase in litigation around, and regulatory scrutiny by the SEC and FINRA of, cash sweep programs offered to retail advisory clients and brokerage customers.
A customer says JP Morgan Securities swept client cash into Chase accounts paying interest as low as 0.01%. The firm paid far ...
While asserting that it operates the deposit sweep program as its customers' agent, "Robinhood retains nearly all the returns its customers' cash generates," according to the suit. Robinhood "does ...
According to Bluntz, the price has taken both sides of this range, resulting in a classic liquidity sweep, a move often seen before a major price shift. As Dogecoin remains in this volatile ...