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Default Churning

The deliberate execution of more trades than necessary by an account manager to generate more income (for the account manager, not for the account holder) through extra commissions, cuts of spreads, and/or trading fees while providing little or no additional profits for the account holder.

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Created by Pharaoh, 06-25-2008 at 10:09 PM
Last edited by Pharaoh, 06-25-2008 at 10:09 PM
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