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April 25, 2017
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Blog
FINRA Tightens Sanctions on Churning In April 2017, the Financial Industry Regulatory Authority announced that it had revised its sanction guidelines for violations of its rules. The revisions include changes relating to rule violations that involve churning or unauthorized transactions. What is Churning? As we have
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April 6, 2017
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Current Investigations
Concerned about investment losses with your broker? If you suspect your account has been excessively traded, your broker may be churning your account. But how can you be certain? According to the SEC, churning occurs when a broker engages in excessive buying and selling of securities in a customer’s account
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November 21, 2016
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Blog
Is your Financial Advisor Churning your Account? What is churning? According to the SEC, churning occurs when a broker engages in excessive buying and selling of securities in a customer’s account chiefly to generate commissions that benefit the broker. For churning to occur, the broker must exercise control over
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November 11, 2015
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Blog
FINRA Issues Punishments for Churning FINRA recently announced that they have permanently barred Richard Adams, a former registered representative of Caldwell International Securities Corp., from the securities industry for churning customers’ accounts and other securities rule violations. Adams also failed to
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