J.P. Morgan Cash Sweep Class Action Lawsuit Investigation

JP Morgan allegedly pays clients low interest rates on un-invested cash while earning significantly higher fees for itself.

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Gibbs Law Group is investigating a potential class action lawsuit on your behalf.

J.P. Morgan Investment Client?

J.P. Morgan Cash Sweep Class Action Investigation for paying clients unreasonably low interest rates

A Financial Planning report highlighted that as of April 2023, J.P. Morgan investment clients with cash sweeps received yields as low as 0.01%, while reports indicate that J.P. Morgan earned $21.78 billion in net interest income during the second quarter of 2023.

What is a Cash Sweep Account with JP Morgan?

J.P Morgan investment clients with J.P. Morgan Chase Deposit Accounts have their uninvested cash automatically swept to a J.P. Morgan affiliated bank, to earn interest. If you have an investment account with J.P. Morgan, then you may have enrolled in a cash sweep account.

How do I Join a J.P. Morgan Cash Sweep Class Action?

If you have an investment account with J.P. Morgan, then you may have been impacted by this. Contact us to find out if you’re eligible to join the J.P. Morgan Cash Sweep class action lawsuit.

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Gibbs Law Group is a California-based law firm committed to protecting the rights of clients nationwide who have been harmed by corporate misconduct. We represent individuals, whistleblowers, employees, and small businesses across the U.S. against the world’s largest corporations. Our award-winning lawyers have achieved landmark recoveries and over a billion dollars for our clients in high-stakes class action and individual cases involving consumer protection, data breach, digital privacy, and federal and California employment lawsuits. Our attorneys have received numerous honors for their work, including “Top Plaintiff Lawyers in California,” “Top Class Action Attorneys Under 40,” “Consumer Protection MVP,” “Best Lawyers in America,” and “Top Cybersecurity/ Privacy Attorneys Under 40.”