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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

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