Churning

A stockbroker or bank trades excessively and unnecessarily for a client account in order to enrich itself in additional commission income. – See churning, kick back, client referral, snake trading. – Cf. 2001 Annual Report of the Federal Supervisory Office for Securities Trading, p. 14 f., 2004 Annual Report of BaFin, p. 79, p. 123 (measures against errant institution), p. 124 (criminal police search) and the respective annual report of BaFin.

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University Professor Dr. Gerhard Merk, Dipl.rer.pol., Dipl.rer.oec.
Professor Dr. Eckehard Krah, Dipl.rer.pol.
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