The rush for a competitive yield has enveloped the sweep account, which has operated in a quiet, under-the-radar fashion off Wall Street's beaten path for decades. Sweep accounts automatically ...

coverage limit of $250,000 per depositor, per institution. Sweep accounts spread funds across a network of FDIC-insured banks to provide up to nine figures in FDIC coverage (though many financial ...

All other accounts that sweep in the UBS deposit sweep programs are brokerage accounts. Deposit sweep balances in advisory accounts established after the 5th business day of the month will accrue ...

According to the complaint filed in Arizona federal court, the firm’s cash sweep practices “violate common law, federal law and industry regulations.” ...

Osaic and three subsidiaries were sued today in federal court by investors who alleged the firms breached their fiduciary duties by profiting from their cash sweep accounts at their clients ...