Burn and churn

Burn and churn,

Definition of Burn and churn:

  1. An illegal practice used by certain brokers to increase their commissions, by performing a large number of trades using a clients account from which the broker is paid by trade volume. Also referred to as twisting or just churning, this practice is a violation of NASD Fair Practice Rules.

Meaning of Burn and churn & Burn and churn Definition