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First National Bank Cash Sweep Investigation

Kessler Topaz Meltzer & Check, LLP is investigating whether certain brokerage firms and banks may have failed to properly manage customers’ uninvested cash balances through their cash sweep programs.

Specifically, customers who elected to have uninvested cash in their brokerage accounts placed into a “cash sweep” account may have been harmed if their brokerage firm placed those funds into lower-interest accounts despite the availability of accounts offering higher interest rates. Such conduct may constitute a breach of fiduciary duties owed to account holders.

Kessler Topaz is currently investigating the following banks and brokerages:

  • First National Bank 
  • F.N.B. Wealth Management

Contact us today if you have (or had) a brokerage account with any of the companies listed above, as we would like the opportunity to discuss with you this investigation and your rights as a potential class member. You can fill out our online form below, call us at 484-270-1453 or email us at [email protected].

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