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Burn and Churn

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Burn and Churn
To make more trades on a discretionary account in order to inflate commissions, rather than client profits. That is, burning and churning occurs when a broker makes unnecessary trades on an account for his/her own profit, rather than the client's. Burning and churning is illegal.

burn and churn
See churn.


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With the swipe of a pen, the president and his Cabinet can wipe out dozens of costly and unnecessary directives that burn and churn resources that could otherwise be diverted to services, such as the misguided HHS effort to establish a national TANF payment error rate.
If it was your standard brains-free Hollywood burn and churn, then OK.
 
 
 
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