Brokerage firms may seek to sweep cash into affiliated banks, often paying low interest rates. According to some reports, brokers could make 10 times more than their customers do on their cash.
Prior to the Keel suit, Side was notably one of the few major brokerages left that had not settled the commission lawsuits.
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As far as scams go, Eddy Alexandre’s $260 million cryptocurrency scheme fell squarely in the too-good-to-be-true camp.
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Evans is the former chief operator of the DEA leading initiatives across 240 domestic offices and 93 foreign offices.