Churning
A broker engages in churning when he or she buys and sells securities in an account in a self-serving attempt to generate larger commissions. Brokers who churn their clients’ accounts generally offer seemingly valid excuses as to why the clients should pursue quick profits. In reality, these purported recommendations are merely excuses for the broker to charge excess commission fees. The attorneys at Cosgrove Law, LLC have years of experience in the securities industry, which allows them to quickly discern whether a broker has engaged in churning in a client’s account. If you believe you are a victim or supervisor who suspects churning, please contact one of our experienced attorneys.
