Home : Securities : Churning

Churning

Issue name: Churning
Applicable law/agency: Securities and Exchange Commission (SEC), National Association of Securities Dealers (NASD)

Related topics: Securities, Breach of Fiduciary Duty, Failure to Supervise, Stock Market Losses, Unauthorized Trading, Broker Fraud
Do you need a District of Columbia Churning lawyer? Contact one of our District of Columbia Churning lawyers now.

Churning

Churning is a breach of the National Association of Securities Dealers (NASD) Fair Practice Rules in which brokers trade client assets in order to increase their own commission. Churning is also a breach of rules set out by the Securities and Exchange Commission (SEC) and the New York Stock Exchange (NYSE). Brokers or advisors who participate in churning must be bound by fiduciary duty, or have enough control over a client's account to trade without specific authorization. A turnover ratio may be calculated to determine if trading is excessive. A turnover ratio is a comparison between the number of purchases made in an account and the equity in the account.

Securities Laws Prohibit Excessive Trading Solely For Broker Gain

Churning is an unethical practice employed by some financial advisors/brokers to increase their commissions by excessively trading in a client's account. The specific rules that prohibit churning are the NASD's churning rule, Rule 2310-2(b)(2) and the NYSE's churning rule, Rule 408(c). This duty occurs either through a formal written discretionary agreement or through "de facto control" of the trading in the account. read more

View the Churning Law Articles page here

Churning Jury Verdicts

______ VERDICT INCLUDING $3,500,000 PUNITIVE AWARD - CLASS ACTION BY HOMEOWNERS OF RESIDENTIAL AREA ALLEGING DEFENDANT PROJECT OWNER/GENERAL CONTRACTOR AND CO-DEFENDANT SUBCONTRACTOR PERMITTED EXCESSIVE DUST FROM CONSTRUCTION SITE TO BLOW INTO THE RESIDENTIAL AREA OCCUPIED BY THE PLAINTIFFS - EMOTIONAL DISTRESS DAMAGES CLAIMED FOR AGGRAVATION, FRUSTRATION AND INCONVENIENCE SUFFERED DUE TO CONSTANT BATTLE WITH INSIDIOUS DUST - PUNITIVE DAMAGES CLAIM BASED UPON DEFENDANT'S MALICIOUS AND OPPRESSIVE CONDUCT IN

______ VERDICT - ALLEGED FRAUD - "CHURNING" OF OPTION ACCOUNTS - UNSUITABILITY OF OPTIONS - NEGLIGENT SUPERVISION OF BROKER SERVICING THE ACCOUNTS - LOSS OF MORE THAN $300,000 IN INDEX OPTIONS.

View the Churning Jury Verdicts page here

Churning Videos

Information about Churning

Churning Information

View the Churning Videos page here

Churning News Articles

GM CFO calls it quits, investors wince Ahead of the Curve - MarketWatch

Stream Cake's Showroom of Compassion; Sunset Cove Show Friday - Broward Palm Beach Music - County Grind

View the Churning News Articles page here

Churning Newsfeeds

Students Mourn Death Of Popular Swim Coach

BROADWAY REVIEW: Extraordinary puppets make the heart of 'War Horse' beat

View the Churning Newsfeeds page here

Churning Useful Web Sites

Anapol Schwartz, Securities Fraud Attorneys

The SEC's Simplified Definition of Churning

View the Churning Useful Web Sites page here

Churning Wikipedia

Churning (stock trade)

Fiduciary

View the Churning Wikipedia page here

Need A Churning Attorney?

First Name Last Name Email Address State
Was There a Financial Loss?

Please Describe the Injury

Your Friend's Email Address

Your Email Address

Type a Message (optional)


Do you need a District of Columbia Churning lawyer? Contact one of our District of Columbia Churning lawyers now.

 

Close (x)

Looking for an Attorney?


Please type your question:

Close (x)

logo Find Legal Help for Your Churning Case - Submit Your Information Below

Do you need legal assistance with your Churning case?
LegalView may be able to help.


Submit your information below for a free, no-cost evaluation.

We'll submit your information to one of our partner firms.
LegalView's partners represent clients throughout the United States, for a very wide range of legal issues. Submit your information now, to see if one of LegalView's partners can help!

* Indicates Required Fields

First name *
Last name *
Email Address *
Phone Number *
()  -

State *
Legal Issue * Securities: Churning Change
Was There an Injury?
Please Describe The Injury

DISCLAIMER and STATEMENT OF NON-CONFIDENTIALITY

By submitting this form, you agree that completing the above is not intended to create an attorney-client relationship.

Disclosure

Legal WebTV Network LLC, LegalView.com, and LegalWebMedia.com are group advertising sponsored by the attorneys identified here. It is not a lawyer referral service. If you submit information on this website [more...]

Legal WebTV Network LLC, LegalView.com, and LegalWebMedia.com are group advertising sponsored by the attorneys identified here. It is not a lawyer referral service. If you submit information on this website, LegalWebMedia.com will submit your information to the law firms that pay for this group advertising and to respond to your requests for information concerning legal services in their assigned local areas. If there is no sponsoring firm in your state, your inquiry will be submitted to one of the sponsoring law firms on a predetermined, rotating basis. If the sponsoring law firm accepts your case, it will associate with licensed attorneys practicing in your state, if required; the sponsoring law firm may also contact other law firms to see if they may be able to assist.

The information provided by the LegalView.com and LegalWebMedia.com websites is for advertising and informational purposes and should not be considered as legal advice from the sponsoring attorneys. The websites contain general information and may not reflect current legal developments, verdicts, or settlements. LegalView.com contains information created by others or supplied through open forums; the sponsoring law firms are not responsible for the accuracy of this information. Any person viewing or receiving information from these websites should not act or refrain from acting on the basis of any such information without first seeking appropriate legal advice from an attorney in your area. Legal WebTV Network, LLC expressly disclaims any liability with respect to actions taken or not taken by the recipient based on any or all of the information or contents contained in these websites.

Any information sent to Legal WebTV Network LLC through this website is done using standard Web encryption techology. LegalView.com will exercise all reasonable care, within technological limits, to protect the confidentiality of any information submitted via Internet e-mail or through this website. By accessing this website, you may be seeking an attorney to represent you or legal advice. However, none of the sponsoring attorneys represent you yet.

The choice of a lawyer is an important decision and should not be based solely upon advertisements.

Any transmission of information, whether via Internet e-mail or through the website, is solely for evaluation purposes by the sponsoring law firms and their associates. The transmission of any information to any attorney sponsoring advertising on LegalView.com or LegalWebMedia.com does not create an attorney-client relationship between the sender and any recipient. An attorney-client relationship can only be created by a written, signed-fee agreement entered into with an attorney. The sponsoring attorneys will treat your information as a confidential communication for the purpose of obtaining legal services or legal advice.

For more information about the sponsoring law firms, please click here.
This form is secure and encrypted. More information about secure forms and your privacy here.