Laser Focus World is an industry bedrock—first published in 1965 and still going strong. We publish original articles about cutting-edge advances in lasers, optics, photonics, sensors, and quantum technologies, as well as test and measurement, and the shift currently underway to usher in the photonic integrated circuits, optical interconnects, and copackaged electronics and photonics to deliver the speed and efficiency essential for data centers of the future.

Our 80,000 qualified print subscribers—and 130,000 12-month engaged online audience—trust us to dive in and provide original journalism you won’t find elsewhere covering key emerging areas such as laser-driven inertial confinement fusion, lasers in space, integrated photonics, chipscale lasers, LiDAR, metasurfaces, high-energy laser weaponry, photonic crystals, and quantum computing/sensors/communications. We cover the innovations driving these markets.

Laser Focus World is part of Endeavor Business Media, a division of EndeavorB2B.

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Editorial Advisory Board

  • Professor Andrea M. Armani, University of Southern California
  • Ruti Ben-Shlomi, Ph.D., LightSolver
  • James Butler, Ph.D., Hamamatsu
  • Natalie Fardian-Melamed, Ph.D., Columbia University
  • Justin Sigley, Ph.D., AmeriCOM
  • Professor Birgit Stiller, Max Planck Institute for the Science of Light, and Leibniz University of Hannover
  • Professor Stephen Sweeney, University of Glasgow
  • Mohan Wang, Ph.D., University of Oxford
  • Professor Xuchen Wang, Harbin Engineering University
  • Professor Stefan Witte, Delft University of Technology

Gibbs Law Group Investigates Cash Sweep Class Action Lawsuits

If you invest in brokerage and advisory accounts, you may have lost money on your cash holdings. Many investment firms have paid customers unreasonably low interest rates on their cash sweep accounts compared to what's offered on the market. For example, Morgan Stanley made over $8 billion in net interest income between the low rate it offered customers on its sweep accounts and the higher fees it earned for itself by lending out the deposited funds, according to one class action lawsuit. Gibbs Law Group is investigating potential Cash Sweep Class Action Lawsuits to help investors recover their losses.

Worried about cash sweep losses after investing with Ameriprise, LPL or Morgan Stanley? Contact our consumer protection attorneys by calling 510-913-9519 or visiting our website: Bank Cash Sweep Class Action Lawsuits

How do I know if I lost money from a cash sweep account?

If you’ve had brokerage or advisory accounts with these firms, you may have been harmed by their client sweep account practices:

In addition, the SEC has begun probing Morgan Stanley and Wells Fargo on their cash sweep programs. These firms' extremely low interest rates on cash sweep accounts may potentially be a breach of fiduciary duty.

An investor with Morgan Stanley alleges the firm paid some of its clients interest as low as 0.05% while Morgan Stanley received interest rates of up to 5.63%. Another investor alleges that LPL Financial paid customers as low as 0.35%, a rate significantly lower than rates offered as high as 4.6% at other brokerage and advisory firms.

Partner Rosemary Rivas says, “These major firms have a fiduciary duty to act in their clients’ best interests but have enriched their own bottom lines instead. We’re committed to holding them accountable and recovering money that rightly belongs to investors.”

Gibbs Law Group's winning record protecting investors and consumers from firm misconduct

Our consumer protection attorneys are leaders at holding big firms and banks accountable. We have recovered hundreds of millions of dollars on behalf of investors and consumers, and the firm's attorneys have received numerous awards including "Class Action Practice Group of the Year," “Top Boutique Law Firms in California” and "Titans of the Plaintiffs Bar." In addition to our leadership in class action lawsuits, we also represent thousands of investors in individual FINRA arbitrations against brokers and advisors who have breached their fiduciary duty.

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