Osaic-Owned Firm Must Repay Millions. The Real Story Is Client Cash
FINRA ordered Osaic-owned American Portfolios to repay customers over cash sweep fee and interest disclosures, keeping client cash scrutiny alive.
LPL Avoided A Cash Sweep Penalty. That Does Not End The Client Cash Debate
LPL avoided an SEC enforcement action over its cash sweep program, but lawsuits, client-cash scrutiny and revenue questions remain.