The Cash Sitting in Your Brokerage Account May Be Earning Less Than You Think

Your brokerage cash may not be earning what you assume. The SEC charged Wells Fargo advisory firms and Merrill Lynch over cash sweep program compliance failures, with firms agreeing to sixty million dollars in combined penalties. This episode explains how brokerage sweep programs work, why default cash options can create conflicts, and how to audit yield, fees, liquidity, and protection. This content is for informational and educational purposes only and does not constitute financial advice. Always consult a qualified financial advisor before making investment decisions. This episode was generated with AI assistance.