Previous close | 1.2900 |
Open | 2.1100 |
Bid | 1.7000 |
Ask | 2.0500 |
Strike | 200.00 |
Expiry date | 2024-09-20 |
Day's range | 2.1100 - 2.1100 |
Contract range | N/A |
Volume | |
Open interest | 119 |
Charles Schwab is the latest large financial-services firm to face a lawsuit challenging its approach to cash-sweep accounts, the typically low-yield accounts where brokers sometimes put clients’ uninvested cash. Like many of the other lawsuits, the plaintiffs suing Schwab are seeking class-action status, arguing that the company’s interest rates on sweep accounts are “unreasonably low.” Schwab calls the lawsuit “legally unsound.”
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LPLA announces a deal to acquire Bedminster, N.J.-based The Investment Center as part of its business expansion efforts.