Item: Shepherd Smith Edwards & Kantas, LLP
Rating: 5
Author: M.B.

What Is Churning?

Video Transcript:

Churning is the act of financial advisor or stock broker making continuous recommendations to buy in cell stocks for the purpose of garnering, excess commissions. The financial advisor, broker who has churning account has no desire to take care of his client. His main goal is to garner commissions, and to do that he'll recommend you to buy and sell, buy and sell over and over again.

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