Series 7 - General Securities Representative Exam

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Churning is

Simultaneously entering non bona fide buy or sell orders
A
When two brokerage firms make volume appear higher than it really is by trading with each other
B
When a customer is allowed to make trades without paying for them
C
When a customer's account is traded excessively to generate commission
D

Explanations

Churning is a violation and is when trades are made for the purpose of generating commission

Pricing