Merrill again faces client complaint over yields on cash
Merrill has consistently been the brokerage firm paying the lowest rates on swept cash, according to a suit filed by Merrill Edge client.
With interest rates having risen for almost two years and firms facing scrutiny on cash sweep accounts, a client of Merrill Edge, the online brokerage and advisory arm of Merrill Lynch, this week sued the firm, alleging that Merrill Edge had failed to live up to the promise in its contract of paying
Learn more about reprints and licensing for this article.
