Kessler Topaz is currently investigating potential claims on behalf of individuals who hold brokerage and/or advisory accounts with Edward D. Jones & Co., L.P., Robinhood Markets, Inc., Merrill Lynch, or Stifel Financial related to their cash sweep programs. Specifically, our investigation concerns whether these brokerage firms improperly swept account holders’ uninvested cash balances into low interest accounts despite the availability of higher interest rates. Such conduct may constitute a breach of the fiduciary and/or contractual duties owed to these account holders.
Contact us today if you hold brokerage and/or advisory accounts with Edward D. Jones & Co., L.P., Robinhood Markets, Inc., Merrill Lynch, or Stifel Financial. You can fill out our online form below, call us at 484-270-1453 or email us at info@ktmc.com.