Churning

Churning

The practice of executing trades for an portfolio by a manager in order to generate commissions from the account. [1]

Accounts invested in securities with steady returns and little price fluctuation generate no commissions, and brokers are therefore not encouraged to invest their client's money in such investments. Churning, twisting, refers to the excessive buying and selling of securities in your account by your broker, for the purpose of generating commissions and without regard to your investment objectives. [2]

Probably akin to cyrnel "kernel. [3]

Sumflow 21:08, October 20, 2010 (PDT)

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