churn

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Churn

To make both buy and sell orders through different brokers, usually in large quantities, to create the impression of increased interest in a security and thereby raise its price. An investor churns if he/she has a long position on the security and wishes to sell it at an artificially high price. Churning is a form of manipulation, and is illegal under the Securities Exchange Act of 1934. See also: Fix.

churn

To trade securities very actively in a brokerage account in order to increase brokerage commissions rather than customer profits. Brokers may be tempted to churn accounts because their income is directly related to the volume of trading undertaken by customers. Churning is illegal and unethical; suspected churning should be reported to the brokerage firm's office manager. Also called burn and churn, overtrade.
References in periodicals archive ?
It consists of 3333 cases (consumer's descriptions), described with 20 attributes (15 numeric and 5 nominal) and two decision classes (true and false--whether a consumer churned or not).
Among other changes, it produces lactic acid, making the cream less "sweet." Of even greater importance to butter makers working hand churns, culturing helps make churned cream "break" faster into the two products of butter making: butter and buttermilk.
4 : to move by or as if by forceful stirring action <Steamboats churned up and down the river.>
More treasures appeared until, eventually, a deadly poison also churned up.
The theory is that the tax-free income is 'churned' in order to generate further returns.
The strapline now simply reads 'Churned for that rich clover taste'.
A sound index will illustrate the cost in dollars of losing a typical resident TABULAR DATA OMITTED and a close estimate of the annual cost to the property of all the residents who are "churned" through it.
The JOIDES Resolution churned up more than ocean waters as it steamed across the Bahamas on Leg 101 of the Ocean Drilling Program.
If you're an ice cream lover who wants to keep your arteries open for business, you probably remember when Breyers Double Churn and Edy's (called Dreyer's on the West Coast) Slow Churned Ice Cream hit the market.
I was absolutely disgusted when looking out of my window on Saturday morning to find that the grass verges along the length of at least four properties had been churned up in an appalling manner by a number of workers who thought they were well within their rights to make a complete and utter mess of the verges which they presumed had been put there for them to park on.