(Reuters) -The U.S. Securities and Exchange Commission has ended its investigation into Morgan Stanley's cash sweep program for advisory accounts and will not pursue enforcement action, the Wall ...

BNY Pershing’s plans to create a new charge on client cash held in accounts of RIAs that custody with Pershing and broker-dealers that use it for clearing are taking shape, with senior industry ...

A growing number of financial firms are coming under fire — and facing lawsuits — for their behind-the-scenes cash sweep accounts and the extremely low yields paid to customers, especially as ...

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 ...

But cash sweep accounts have recently won attention for all the wrong reasons. Typically these accounts aren’t for long-term investing but instead hold short-term proceeds from things like ...

Osaic has become the latest casualty in the wave of cash sweep class actions that's washed across the industry over the past year. A new class action against Osaic Holdings, Osaic, Osaic Services ...

Bank savers are on a roll these days, with many certificates of deposit, money market accounts and high-yield savings accounts offering around 5% returns due to a high-interest-rate environment.

Wells Fargo & Company WFC faces a new class-action lawsuit, where it has been accused of underpaying interest to clients participating in its cash sweep program. Sweep programs were created to ...