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Churning is excessive trading of a customers account by a broker for purpose of generating commissions.
In churning cases a broker acts primarily to benefit himself, and to the detriment of the investor by generating commissions.
Where the broker is essentially in control of the account and is making the majority of the decisions for his own self interest, the investor can bring a claim for churning if the fees and costs are shown to be excessive.
To help us evaluate whether you have a claim regarding “Churning”, call The Bernstein Law Firm, at (858) 505-8000, or contact us for a free initial consultation with a Miami attorney.