Commonwealth Faces Sweep Rate Lawsuit

Published on June 24, 2026

A class action lawsuit claims the firm kept interest rate payments "consistently low and untethered” to the market, including federal rates.

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Margin Debt Jumps 8.5% in May to New Record High

June 24, 2026
Margin debt rose for a second straight month in May, reaching a new record high of $1.42 trillion. This marked an 8.5% increase from April and a 53.7% rise compared to the previous year.

Former CFA Institute Marketing Head Sentenced For Defrauding Association of Millions

June 24, 2026
According to the Manhattan District Attorney, Michael Collins pleaded guilty to embezzling nearly $6 million from CFA Institute and another firm using fake consulting companies.