Beware of Brokers Who Churn

Over the past decade, the securities industry has moved from commission based stock brokerage accounts to “fee-based” accounts to curtail “churning” by stockbrokers of their customers’ accounts. Regulators were concerned that brokers who were charging commissions for each trade had an incentive to churn the accounts. The hope was that fee based accounts (typically one […] View the full post at: Beware of Brokers Who Churn Related posts: Satellite Hedge Fund to Shut Down After Client Withdrawals Halliburton’s Valuation Nears Tipping Point Ex-BofA Chief Lewis Charged With Fraud Over Merrill
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