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.

West's Encyclopedia of American Law, edition 2. Copyright 2008 The Gale Group, Inc. All rights reserved.

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.

Copyright © 1981-2005 by Gerald N. Hill and Kathleen T. Hill. All Right reserved.
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