Advertising

Churning

• Excessive trading of a client's \ account in order to increase the broker's commissions.

• Is an excessive amount of trading of customer funds by a broker. The intent is to generate commission or brokerage fees and not client performance.

• An unethical practice employed by some brokers to increase their commissions by excessively trading in a client's account. This practice violates the NASD Rules of Fair Practice.

 
 Embedded terms in definition
 Broker
Commission
Nasd
Order
Trading

<< Chips Cif >>

What Happens If a Bank Fails?: How the FDIC protects depositors, including providing quick access to insured funds. More...

In prosperity our friends know us; in adversity we know our friends. - Churton Collins

Advertising



Copyright 2009-2018 GVC. All rights reserved.