Schwab's 'Cash Sweep' Paid For TD Ameritrade Buy, Suit Says <https://www.law360.com/fintech/articles/1874579?nl_pk=d2b3e7ef-ab62-4a62-804a-08b1615aa913&utm_source=newsletter&utm_medium=email&utm_campaign=fintech&utm_content=2024-08-30&read_main=1&nlsidx=0&nlaidx=5> By Sydney Price The Charles Schwab Corp. has been hit with a proposed class action in California federal court by three customers alleging that the investment bank obtains "outsized benefits" from its cash sweep programs and used a significant amount of the cash to finance its $26 billion acquisition of TD Ameritrade Holding Corp. several years ago. Complaint attached | Read full article » <https://www.law360.com/fintech/articles/1874579?nl_pk=d2b3e7ef-ab62-4a62-804a-08b1615aa913&utm_source=newsletter&utm_medium=email&utm_campaign=fintech&utm_content=2024-08-30&read_more=1&nlsidx=0&nlaidx=5> | Save to favorites » <https://www.law360.com/fintech/articles/1874579?nl_pk=d2b3e7ef-ab62-4a62-804a-08b1615aa913&utm_source=newsletter&utm_medium=email&utm_campaign=fintech&utm_content=2024-08-30&read_later=1&nlsidx=0&nlaidx=5>