excessive trading


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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.

excessive trading

The act of churning.
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unsuitability for excessive trading, it is clear that plaintiffs have
excessive trading, sometimes because the trading is regarded as
unsuitability on excessive trading grounds or churning often accompany
It is also clear that significant problems of excessive trading and
in the securities markets for excessive trading and churning also should
through excessive trading. (229) For example, in Rafael Pinchas, the
broker-dealers to refrain from excessive trading in customers'
broker's unsuitable recommendations and excessive trading on a
excessive trading is complex and remains unsettled.
Helping law catch up to markets: applying broker-dealer law to subprime mortgages
"Altman has a history of customer complaints related to excessive trading, unauthorized transactions, and unsuitable transactions."
Galvin Sweep of BDs With CyBad Brokers' Leads to Charges

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