1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Varvara68 [4.7K]
3 years ago
15

The purchase and subsequent sale of a securities position in a customer account solely to generate commissions is____________.

Computers and Technology
1 answer:
Citrus2011 [14]3 years ago
5 0

Answer:

Churning

Explanation:

Churning is termed as an act of a broker conducting immoderate trading in the account of client solely to generate commissions. It is an illegal and deceptive practice. It violates security laws. The purchase and subsequent sale of a securities that are little or insignificant to meet the investment goals of client can be the evidence of churning. Consequently it causes considerable losses in client's account or can produce a tax liability.

Churning occurs due to over trading by a broker to generate commissions by buying and selling stocks excessively on the behalf of investor. This often happens when broker has permissive authority over client's account.

You might be interested in
Plz answer the following ​
Kruka [31]

Answer:

it trojan

Explanation:

what is the question asking

5 0
3 years ago
Read 2 more answers
What is the problem with assigning a port number to more than one server application?
Ilya [14]
Only one daemon (server application) can bind to a port. The second one will fail.
3 0
3 years ago
What is the recommended solution to configure this automated behavior? UC has a requirement that an opportunity should have a fi
Dmitry_Shevchenko [17]
The answer will need to be workflow.
8 0
3 years ago
The count function is used to total the values stored in numeric columns.
Dovator [93]

Answer : False.

The function to total the values stored in numeric columns is the SUM function.

5 0
3 years ago
Distinguish<br> between formal and Informal<br> Information System<br> Information systems
Harlamova29_29 [7]

Explanation:

Formal; A formal information system is based on

the organization represented by the organization chart.

Informal; The informal information system is

employee based system designed

to meet personal and vocational needs

and to help in solution of work-related problems.

5 0
2 years ago
Other questions:
  • You notice that lately your computer has been running slow. When you open up your web browser, you get endless pop-up ads to the
    8·1 answer
  • Give a logical expression with variables p,q, and r that is true if p and q are false and r is true and is otherwise false.
    5·1 answer
  • Jennifer recently bought a new computer to type a new manuscript she’s been working on. She also stored a lot of movies on it to
    10·1 answer
  • I had tried to turn on Linux on the Chromebook but it's not working
    11·2 answers
  • Case Study/Scenario: First, Julio clicks Tools from the Chrome menu on the toolbar. Next, he looks for Manage Add-Ons but can no
    9·1 answer
  • What refers to a collection of small sections of code that are stored together to solve many everyday programs?
    11·2 answers
  • Var words = ["apple", "bug","car", "dream", "ear", "food"]
    6·2 answers
  • Different he launc.<br>in function are available with MS-Excel<br>Many​
    14·1 answer
  • I am making a project i have to advertise a product i picked a futureistic car
    10·1 answer
  • What are 3 customizations that can be done using the header/footer section in the customize reports tray?.
    11·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!