Churning enforcement actions

This library records 14 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

14

Total penalties

$1.9m

Median penalty

$194k

Largest

$435k

Criminal parallel

0%