Keep sweep accounts clean and transparent
![golden dollar sign](https://s32566.pcdn.co/wp-content/uploads/2020/01/Dollar-sign-money-951x634.jpg.optimal.jpg)
Idle cash is a significant profit center for broker-dealers
In “olden” days, or at least up until the mid-1990s, the Glass-Steagall Act prohibited commercial banks from owning or operating brokerage firms, and equity trades required five days to settle.
[More: Advisers in a pickle over low-yielding cash sweep accounts]
Since then, much has change
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