Churning

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Churning

The practice whereby a Broker dealing in Securities abuses the confidence of a client for personal gain by unnecessarily trading stocks to earn more commissions.

churning

n. the unethical and usually illegal excessive buying and selling of shares of stock for a customer by a stockbroker or sales agent for the purpose of obtaining high sales commissions.

References in periodicals archive ?
Halaoui says that the mobile churn rates vary drastically between different markets, and depend on different factors, such as the maturity of the market, the price sensitivity of customers, the percentage of prepaid subscribers in the market, the competitive landscape, and most importantly, the pricing and commercial strategies of different operators within that market.
Despite the continuous growth in subscriber additions, mobile churn rates have spiralled upward in developed economies over the last few years.
News of the churn rate caused concern among analysts, sending shares in BSkyB down 2p at 453p after the results announcement.
NTL's core Home division added 39,800 new customers in the quarter while its churn rate fell to 12.
Table 8 - Foxtel subscriber annual churn rate by customer category - 2006
The churn rate - showing the percentage of customers who disconnected their service in the quarter - was 1.
report "2Q08 Argentina Mobile Forecast, 2008 - 2010: Telecom Argentina will continue to see churn rates 30% - 70% higher than competitors Movistar and CTI in the Argentina mobile market" to their offering.
Verizon Wireless superior network coverage and reputation have presented recurring opportunities for strong subscriber growth and the lowest churn rate in the industry.
Stemmler continued, "We expect a positive impact on our churn rate, new customer growth rate, and total customer satisfaction.