Amid AI threat, LPL reviews reliance on ‘cash sweeps’
While some brokerages seem unconcerned that AI could eat into their hefty profits from managing client cash, LPL Financial is ...
Wednesday, September 23, 2026
Tag: sweeps
Mamdani Slate Sweeps Congressional Primaries in New York
New York Mayor Zohran Mamdani’s slate of progressive congressional candidates swept the Democratic establishment aside in last night’s primaries, but ...
SEC to RIAs: You also have to worry about cash sweeps
As lawsuits keep piling up against brokerage firms over their "cash sweeps" policies, the SEC is reminding RIAs of their ...
Oppenheimer balks at jury trial, settles cash sweeps suit for $70M
Oppenheimer was at risk of having to pay as much as $440 million in a class-action lawsuit over its "cash ...
Firms make billions from ‘cash sweeps.’ Could AI take that away?
Altruist's release last month of an AI-driven tax manager may have been the event that sent many big brokerage firms' ...
‘Cash sweeps’ lawsuits stumble with dismissal of U.S. Bank case
In the first full rejection of a lawsuit over firms' "cash sweeps," a federal judge has tossed claims that U.S. ...
Get the latest news and follow the coverage of Business & Financial News, Stock Market Updates, Analysis, and more from the trusted sources.