Broker- Dealer Law Corner

Broker- Dealer Law Corner

Tag Archives: churning

When It Comes To Churning, FINRA Knows What’s Best For Investors

Posted in Churning, Disciplinary Process, Enforcement, FINRA
Since I first started practicing law back in the 1980s, customer complaints against brokers have often involved allegations of “churning,” which is deemed to be fraud. Now, as it was 30+ years ago, to prove a churning claim, a customer needs to demonstrate that (1) the broker acted with scienter, which is defined to be… Continue Reading
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