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Convincing a customer that trades are necessary in order to generate a commission. This is an unethical practice.
Copyright © 2012, Campbell R. Harvey. All Rights Reserved.


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.
Farlex Financial Dictionary. © 2012 Farlex, Inc. All Rights Reserved


An attempt to convince an individual to sell one product and purchase another product, primarily so the salesperson can earn additional commissions. In the brokerage business, twisting is usually called churning. Twisting, the more general term, applies to the sale of other products as well, such as insurance policies.
Wall Street Words: An A to Z Guide to Investment Terms for Today's Investor by David L. Scott. Copyright © 2003 by Houghton Mifflin Company. Published by Houghton Mifflin Company. All rights reserved. All rights reserved.
References in periodicals archive ?
Let us consider the method for determining of residual forces for products made of multimodulus by elasticity elements (wires) when twisting for a single operation.
The first time a twisting kick appears in a pattern is at 1st Dan in pattern Ge-Baek in which there is a low twisting kick, then in the 2nd Dan pattern Juche, sang bang chagi is featured.
The Twisting Model also assumes that like the two opposing waves, lower-body and upper-body movement interference stores greater energy.
It is, ultimately, less about what they can do with twisted balloons than about what the act of twisting balloons has done for them.
Twisting the ordinary two-dimensional plane into a helicoid converts the plane's flatness into saddle-based curviness.
Key statement: A rubber-steel hybrid cord of the present invention is characteristically formed by twisting a plurality of sheath filaments or sheath strands around a core in which a periphery of and space surrounded by one or a plurality of core filaments or a core strand are coated or filled with a filler rubber (A) containing an adhesion promoter, thereby forming a multilayer-twist steel cord or a multi-twist steel cord, and coating an outer surface of the multilayer-twist steel cord or the multi-twist steel cord with a coating rubber (C).
Another fundamental solar mechanism yielding to laboratory study is magnetic reconnection, which is the breaking and reattaching of magnetic field lines that have snapped after twisting, stretching, or crossing other lines.
The twisting tendrils of climbing plants have intrigued biologists for well over a century A tendril can coil first in one direction and then in the opposite direction.
The right-handedness of the DNA double helix is expected to induce some form of twisting in the strands of the liquid crystal that is analogous to the way a twisted-up phone cord tends to coil around itself.
The twisting arises because these arching fields begin and end at "footpoints" in the sun's visible surface.
The chemists observed that when photons strike a rhodopsin molecule, it moves into an energized state that results in a quick twisting of its physical structure.
By twisting, coiling, and bending back on themselves, these colonies of bacteria create fibrous webs, eventually weaving themselves into what Mendelson calls "macrofibers" -- strands that look like Lilliputian ropes.