Churning. Churning means excessive trading aiming to generate commissions. While there is no quantitative measure for churning, frequent buying and selling of securities that does little to meet the client's investment objectives may be construed as evidence of churning.
Churning. If Broker/Dealer induces or attempts to induce any Contract Owner to relinquish an Insurance Contract except under circumstances where there is reasonable grounds for believing the contract or certificate is not suitable for such person, Broker-Dealer's right to receive any compensation under this Agreement shall cease and terminate.
Churning. Excessive trading aiming to generate commissions. We consider evidence to include frequent buying and selling of securities indicating any intent other than meeting the client's investment objectives.
Churning when a trader places both buy and sell orders at about the same price. The increase in activity is intended to attract additional investors, and increase the price.
Churning. Tradeview reserves the right to monitor the activities of all counterparties and to take such measures as it deems necessary to discourage counterparties from churning or over-trading accounts, including but not limited to canceling payments of rebates and or/commissions with or without notice. Churning/over-trading means excessive trading of a discretionary account by a person with control over the account for the purpose of generating commissions while disregarding the interests of the Client.
Churning. A Member, Approved Trader or Registered Representative is prohibited from churning or generating commissions through creating excessive transactions in a Customer’s Account.
Churning. Clients are prohibited from excessive trading in their accounts solely for the purpose of generating commissions or fees, as determined by Taurex in its sole discretion.
Churning. The Agent must not engage in Churning to circumvent ticketing time limits of the Fare Rules.
Churning. The process of repeated canceling and rebooking of the same flight segment and inventory class for the same travel dates.
Churning. When a booking is created those results in a PNR, the PNR is allowed to be changed 3 times without it costing the airline any money. However when it is changed more than 3 times then the airline charges fee to Brightsun based on USD4 x number of passengers x number of segments changed. An example is the following booking; the inbound has been changed 3 times – on the fourth time the inbound is changed it will cost the airline through the following formula USD 4 x 3 passengers x 2 segments changed = USD24
