Higher sweep cash balances should enable Schwab to pay down short-term borrowings that have weighed on earnings.

The company is also being sued by investors for alleged breach of fiduciary duty because of the paltry interest rates it pays ...

A customer says JP Morgan Securities swept client cash into Chase accounts paying interest as low as 0.01%. The firm paid far ...

Morgan Stanley analyst Michael Cyprys has maintained their bullish stance on LPLA stock, giving a Buy rating on November 1. Michael Cyprys has ...

LPL Financial and Morgan Stanley revealed Monday that they're responding to new regulatory inquiries into their cash sweeps policies. The disclosures come amid a series of lawsuits taking LPL ...

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.

Wells Fargo says that while LPL Financial’s 10-Q disclosure related to cash management certainly raises eyebrows, it’s important to keep in mind that the company’s approach ...

As major broker-dealers continue to disclose they are facing questions from the Securities and Exchange Commission about clients’ cash in advisory accounts, at least one state regulator also ...

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 ...