Concept information
Preferred term
churning (investment)
Definition
- Churning is excessive trading in a client's account by a broker, who has control over the account, with the intent to generate fees or commissions rather than benefit the client. Brokers—who are typically employees of a brokerage or investment banking firm with responsibility for handling the investment portfolios of clients—often occupy a dual role as sellers of securities and trusted advisers. [Source: Encyclopedia of Business Ethics and Society; Churning]
Broader concept
Belongs to group
URI
https://concepts.sagepub.com/social-science/concept/churning_(investment)
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