Churning which involves making too many trades in an account so that the broker can keep earning commissions. Engaging in trades or buying investments without the customer’s knowledge or approval. This is a practice known as unauthorized trading . ... ...

Churning is what happens when a broker excessively trades in a customer’s account to earn more commissions. ... Excessive Trading Is Costly Even Beyond The Commissions Churning can dramatically increase a client’s risk of loss. ... Excessive trading also dramatically ...

Video Summary: Unauthorized Trading, Broker Fraud and Investment Loss Video Transcript: Unless a financial advisor or stockbroker has discretionary authority to handle your account he or she is not allowed to make any transactions in your account without your commission. ...

Unsuitable Investment Recommendations Are a Common Cause of Portland Investors' Losses Brokers and financial advisors have a duty to only recommend securities or trades that are in the best interests of a customer's financial goals, portfolio, life circumstances, and risk ...

This entails tactics such as unauthorized trading, misrepresentation, pressuring sales tactics, and more. ... Churning: This occurs when a broker participates in excessive trading to generate excess commissions rather than investing in the client's best interests. ... Unauthorized trading claims: ...