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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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Tips for Trying to Fix a Clogged or "Frozen" Home Equity Line: For years, homeowners have turned to home equity lines of credit (HELOCs) as a way to borrow against their home's value to pay for college tuition, home improvements, medical bills and other major expenses. (A home's equity is the market value minus what is owed on the mortgage. If you owe $100,000 on your mortgage but your home is worth $250,000, your equity is $150,000.) More...

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