What is Churning? | SIE, SERIES7, SERIES65, SERIES66 Exam Prep

Churning is the illegal practice of excessive trading in a customer's account by a broker primarily to generate commissions, without regard to the customer's investment objectives. 📚 Learn more about Churning and other key terms for your SIE, SERIES7, SERIES65, SERIES66 exam at Open Exam Prep. 🎯 This term appears on: SIE, SERIES7, SERIES65, SERIES66 🔗 Full glossary: https://www.open-exam-prep.com/glossary 🔗 Churning definition: https://www.open-exam-prep.com/glossary/churning 💡 Exam Tip: Churning = excessive trading for commissions. Requires: control + excessive trading + intent. Turnover ratio over 6x = red flag. --- #securities #examprep #financeexam #sie #series7 #series65 #series66