• 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

<< Chips Cif >>

Beware of fraud originating in phone messages and faxes: FDIC Consumer News has warned before about crooks who call or e-mail consumers and pretend to be legitimate companies or government agencies wanting people to "verify" or "resubmit" (divulge) confidential information such as bank account or credit card numbers as well as Social Security numbers, passwords and personal identification numbers. Here are variations to know about. More...

Instruction does much, but encouragement does everything. Johann Wolfgang Von Goethe


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