Churning enforcement actions

This library records 19 enforcement actions tagged churning. Churning is excessive trading in a customer's account driven by the broker's commissions rather than the customer's objectives, which defrauds one identifiable person and leaves the market price untouched.

Actions are listed newest first. Each row links to a case page carrying the regulator's own release and, where one was published, the complaint. For how this technique works and what statute it engages, read the churning technique page.

Actions

19

Total penalties

$223k

Median penalty

$223k

Largest

$223k

Criminal parallel

5%