BANK CASH SWEEP PROGRAMS
WDD CURRENT CASE
Williams Dirks Dameron, along with its co-counsel, has filed suit against and is continuing to investigate investment firms who fail to pay their brokerage and advisory customers reasonable interest rates on their cash sweep accounts.
Currently, Williams Dirks Dameron has filed class action lawsuits on behalf of customers of the following investment firms:
-
Ameriprise
-
LPL
-
Morgan Stanley
-
Wells Fargo
-
UBS
-
Charles Schwab
Williams Dirks Dameron is also investigating other investment firms.
These investment firms pay customers interest rates well below market rates and, in turn, generate massive profits for themselves. The lawsuits allege this is a violation of the investment firms’ duties to their clients.
​
If you would like to learn more, please contact Matt Dameron at matt@williamsdirks.com or 816-945-7110.