The client accuses Commonwealth, now owned by LPL Financial, of breach of fiduciary duty.

By using an automated cash sweep platform that sits above existing banks. It connects the accounts a company already holds ...

A class action claims Commonwealth paid clients minimal interest on sweep deposits while collecting substantial fees from ...

Sweep accounts automatically steer cash into bank or brokerage money market accounts that can earn ample interest at the ...

James Chen, CMT is an expert trader, investment adviser, and global market strategist. Khadija Khartit is a strategy, investment, and funding expert, and an educator of fintech and strategic finance ...

After nearly two years of escalating lawsuits accusing broker-dealers and asset managers of shortchanging clients on cash sweep interest, the legal momentum may be shifting back toward the firms. Over ...

Two weeks after it was sued for a program in which it makes money on parked client cash, LPL has been sued again by another client for the same reason. These accounts, known as cash sweeps, have ...

LPL has “no plans” to make changes to its pricing on cash solutions, including to its cash sweep programs, according to CEO Dan Arnold. Arnold announced the firm would stay the course on cash sweeps ...