If you had cash sitting in an investment account, you may have earned less interest than you should have.
DiCello Levitt lawyers are investigating whether Edward Jones, Cetera Financial Group, Janney Montgomery Scott, and Kestra Financial kept interest rates on customers’ cash too low—even as market rates increased.
Complete the form to see if your account(s) may have been affected.
Do I Qualify?
You may be affected if you:
- Had an investment, brokerage, or IRA account
- Kept cash in the account (even temporarily)
- Held an account with firms like Edward Jones, Cetera, Janney, or Kestra
What Is This About?
Many investment accounts automatically move unused cash into a “cash sweep” account that earns interest.
We are investigating whether some firms:
- Paid customers very low interest rates, while
- Earning higher rates on that same cash
Even small differences in interest can add up—especially when rates were rising.
What Is a Cash Sweep?
A cash sweep automatically moves unused cash in your account—such as deposits, dividends, or sale proceeds—into an interest-bearing account.
Accounts That May Be Affected
- Brokerage accounts
- Investment advisory accounts
- Individual retirement accounts (IRAs)
Firms Currently Under Investigation
- Edward Jones
- Cetera Financial Group
- Janney Montgomery Scott
- Kestra Financial
Why Contact Us Now
- Free, no-obligation review
- No need to know how much interest you earned
- No documents required to get started
- Helps us evaluate whether you may have a claim
Cash sweep lawsuits have already been filed involving certain institutions, and we are actively investigating these practices.
FAQ
What is a cash sweep program?
A cash sweep program automatically transfers uninvested cash (e.g., incoming cash deposits, dividends, or certain investment returns) in an account into an interest-bearing vehicle or deposit account.
What are cash sweep lawsuits?
Cash sweep lawsuits generally involve claims that financial institutions paid customers too little interest on uninvested cash that was automatically moved into cash sweep programs. These lawsuits allege that firms benefited from the difference between the interest earned on customer cash and the lower rates paid to customers.
Which financial institutions are being investigated?
Our current investigation includes Cetera Financial Group, Edward Jones, Janney Montgomery Scott, and Kestra Financial.
Do I need to know how much interest I earned?
No. We can help review that information.
What types of accounts may be relevant?
Brokerage, investment advisory, and IRA accounts may be relevant if your cash was automatically swept.
Is there any cost to contact the firm?
No. The review is completely free.
Does contacting the firm mean I am joining a lawsuit?
No. You are simply requesting a free review.