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 ...

Every investor looks for ways to grow their capital, but some investors are willing to incur a greater level of risk than others. While high-yield savings accounts cater to people with a low risk ...

In recent years, the US Securities and Exchange Commission (SEC) has initiated several probes into how advisory firms manage their cash sweep programs, which are designed to transfer idle cash from ...

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 ...

Cash has been king ever since the Fed began hiking rates two years ago, but it’s getting a little harder lately for investors to earn a nice return off idle dollars. That’s not just because interest ...

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 ...

The bank is making the change after it acknowledged that the SEC was probing its practices related to cash sweep options. Wells Fargo’s wealth management unit increased interest rates it pays on ...

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 ...