Cash Sweep Lawsuit

Cash Sweep Litigation for Low Interest Rates

Cash sweep programs automatically move uninvested money into accounts that earn interest. This allows financial institutions to generate returns for customers using their available funds.

However, some of these programs offer interest rates as low as 0.05-1%, while competitors may provide rates closer to 5%.

Cash sweep class action lawsuits claim financial institutions that offer unreasonably low interest rates have failed to act in the best interest of their customers, breaching their fiduciary duties.

Investors may have been underpaid billions due to these practices, while financial institutions have only continued to profit.

At Sokolove Law, we’ve secured over $9.6 Billion for clients across the country. Let us fight for you.

Who Can File a Cash Sweep Lawsuit?

Cash sweep lawsuits can be filed by customers who experienced financial losses from low interest rates on cash sweep accounts.

You may be able to file a cash sweep lawsuit if you:

• Have a brokerage account, IRA, or investment advisory account
• Had your cash balance swept into a cash sweep program
• Were given unreasonably low interest rates by your financial institution

Call (800) 995-1212 now to get started. Our cash sweep attorneys can handle every step of the legal process if you have a case.

Financial Institutions Facing Cash Sweep Lawsuits

Several major financial institutions have been accused of providing unreasonably low interest rates on cash sweep accounts, resulting in financial losses for their clients.

Financial institutions involved in the cash sweep lawsuits include: 

• Ameriprise Financial^®
• Charles Schwab^®
• JPMorgan^®
• LPL Financial^®
• Morgan Stanley^®
• Raymond James^®
• UBS^®
• Wells Fargo^®

Class action lawsuits against these institutions claim they failed to act in their customers' best interests by not offering competitive rates.

If you’ve held a cash sweep account with any of these institutions, you may be entitled to compensation. Find out more about your legal options during a free case review.

Let Our Cash Sweep Lawsuit Lawyers Fight for You

At Sokolove Law, we have over 45 years of experience standing up to powerful companies and fighting for justice on behalf of our clients.

As a national securities fraud law firm, our cash sweep lawsuit lawyers can help families in all 50 states take legal action for unreasonably low interest rates.

We’ve secured more than $9.6 Billion total for our clients.

There are no upfront costs or hourly fees to work with our team. We only get paid if you do, so you can file a lawsuit without any financial risk.

Call (800) 995-1212 now or fill out our contact form to get started with a free, no-obligation case review.

Cash Sweep Class Action Lawsuit FAQs