Series 52: Churning

Taken from our MSRB Municipal Securities Representative Qualification Examination

Definition of the term Churning...

the unethical practice of excessive buying and selling in a customer’s securities account to increase the broker’s commissions.

Since you're reading about Series 52: Churning, you might also be interested in:

Solomon Exam Prep Study Materials for the Series 52
Please Enable Javascript
to view this content!