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Churning
Churning is the practice of engaging in excessive and/or unnecessary securities trading activity in order to generate commissions from the activity. Oftentimes, churning occurs in accounts for which the client has granted the broker discretionary trading authority.
The broker then uses this discretion to trade the account excessively or unnecessarily. Sometimes, churning is hard to prove but securities professionals have devised techniques to demonstrate that trading activity is excessive. One such technique is the "turnover rate" for the account. The "turnover rate" is a measurement of how many times the account value, in the aggregate, was bought/sold over a specified period of time.
If you need assistance with respect to the churning of your investment account, please fill out our Free Case Evaluation Form.
Top Churning Law Sites
Zamansky & Associates
One of the leading plaintiff's securities arbitration firms in the country. Our firm represents individual and institutional investors in arbitration claims against major Wall Street firms. |
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