American Portfolios Financial Services has agreed to pay more than $5.1 million to resolve allegations that it overcharged customers for its cash sweep program and improperly held on to interest due ...

To keep your spare cash growing, consider placing it in a high-yield savings account or investing in securities with strong ...

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 ...

Several brokers are under scrutiny for how they handle and make money on idle cash in customer accounts. Rebecca McClay has 10+ years of experience writing and editing content. Rebecca is an expert in ...

The Securities and Exchange Commission has charged two registered investment advisor units of Wells Fargo and Merrill Lynch with compliance failures relating to their cash sweep programs. The firms ...