Churning


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Related to Churning: Churning butter, churning out

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 ?
Churning is also a problem in the mutual fund industry.
The old way: Study for Woman Churning Butter, a pencil-and-black crayon sketch on paper by French painter Jean-Francois Millet, 1814-1875.
But just because churning is simple doesn't make it right.
As a child growing up on a small farm in Covington County, one of my "chores" was churning the cream to make butter.
A 2% churn rate translates into around a quarter of a mobile operator's customer base churning off the network in the course of the year.