The ABA Endorses Promontory Interfinancial Network's Insured Network Deposits, a brokerage sweep product.

Oct 13 06
The American Bankers Association endorsed Promontory Interfinancial Network's Insured Network Deposits, "a retail sweep service for broker-dealers". LPL Financial has signed up, and Dreyfus has agreed to jointly distribute the product to intermediaries.

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