The Securities and Exchange Commission is not recommending enforcement action against LPL Financial regarding its cash sweep program in advisory accounts, according to a regulatory filing by the ...

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 Securities and Exchange Commission has formally concluded its investigation into Morgan Stanley’s advisory cash sweep program without pursuing any enforcement action, according to a regulatory ...

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 enforcement action ...

Altruist's release last month of an AI-driven tax manager may have been the event that sent many big brokerage firms' stocks into a tailspin in recent weeks, but that could quite possibly be only the ...

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 ...

Add Yahoo as a preferred source to see more of our stories on Google. FILE PHOTO: People exit the headquarters of the U.S. Securities and Exchange Commission (SEC) in Washington, D.C. (Reuters) -The U ...

The Securities and Exchange Commission has ended its investigation into LPL Financial’s cash sweep program, the company disclosed in its annual 10-K report filed Tuesday. The commission began looking ...

PALO ALTO, Calif., Nov. 27, 2023 /PRNewswire/ -- The intuitive investment and trading platform moomoo has recently updated its Cash Sweep program in the US, with a compelling 5.1% annual percentage ...