"Churning :
1. An unethical practice employed by some brokers to increase their commissions by excessively trading in a client's account. This practice violates the NASD Fair Practice Rules. It is also referred to as 'churn and burn', 'twisting' and 'overtrading'.
2. A period of heavy trading with few sustained price trends and little movement in stock market indexes.
Investopedia says: Another negative result for the client is being stuck with higher tax bills."
2008년 6월 18일 수요일
Churning
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