"Churning" happens when a stockbroker trades a client’s account for the purpose of obtaining commissions, rather than for the benefit of the client.  Dishonest brokers have been heard to sing a drinking song about "Churn and Burn," with the idea being, that it is all in good fun to earn profits at the expense of the client, because the client is so dumb, he won't notice and if he did, he wouldn't do anything about it anyways.  Putting aside such dubious antics, under the law, churning is considered a form of intentional fraud by conduct, and a violation of the securities laws, for which substantial damages can be awarded. 

If you have questions about whether your account has been “Churned and Burned,” please call us at 1-800-306-6010 or contact us online.