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SEC Probes Morgan Stanley, Wells Fargo Over Cash Sweep Accounts
News August 07, 2024 at 02:57 PM
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What You Need To Know
- The two firms disclosed that the SEC is seeking information on their cash sweep programs.
- The disclosures come as the firms face lawsuits saying they raked in profits while paying miserly interest rates.
- Ameriprise, LPL and Merrill are facing simiar suits.
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