Series 53: Churning

Taken from our Series 53 Online Guide

Churning

Churning is the practice of excessively buying or selling in a customer’s account to generate additional commissions for the broker. Churning is strictly prohibited. Excessive buying and selling means recommending or executing transactions in a customer account that are excessive in size or frequency given the customer’s suitability information.

Since you're reading about Series 53: Churning, you might also be interested in:

Solomon Exam Prep Study Materials for the Series 53
Please Enable Javascript
to view this content!