Cash Sweep Accounts: Why Millions of Investors May Have Missed Out on Interest They Were Owed
If you’ve held cash in a brokerage, advisory, or retirement account any time since 2022, there’s a good chance that money didn’t just sit there — it was automatically moved, or “swept,” into a bank deposit or money market program on your behalf. Most accountholders never think twice about this. But as interest rates rose […]
Cash Sweep Practices Have Hurt Investors’ Portfolio Cash Holdings
For most investors, the cash holdings in their portfolio may not merit much attention compared to other investments they may be monitoring. However, most investors may still reasonably expect their cash to be credited an interest rate that is tethered to the current interest rate environment. Even more, they likely don’t plan to have their […]
Court Grants Final Approval To Class Action Settlement Benefiting Homeless San Diego Residents
Landmark Settlement Secured in Class Action Lawsuit Advocating for Unhoused Individuals in San Diego FOR IMMEDIATE RELEASE October 11, 2024 San Diego, California – Fish & Richardson, the Law Office of Ann E. Menasche, Disability Rights California, Disability Rights Advocates, Dreher Law Firm, Manfred APC, the National Homelessness Law Center, and the Law Foundation of […]