Churning (also referred to in German as “Commissionschinderei”)

A frequent turnover of an investment account by a broker contrary to the interests of the client with the intention of obtaining high commission income (an unethical practice used by some stockbrokers in an effort to gain a maximum of commissions, by frequently and excessively trading a clients account). – he client referral, expense riding.

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University Professor Dr. Gerhard Merk, Dipl.rer.pol., Dipl.rer.oec.
Professor Dr. Eckehard Krah, Dipl.rer.pol.
E-mail address: info@ekrah.com
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