What it sounds like
“My broker was buying and selling stocks in my account all the time.” “My mailbox (email box) was always full of these little slips of paper (trade confirmations).” “Often I was not even aware of all the trading going on in my account.” “My broker said he had a “trading strategy” and that is why there was so much trading in my account.”
Churning occurs when a broker excessively trades a customer’s account to earn more commissions. It is unethical, illegal, and a serious violation of FINRA and the Securities and Exchange Commission rules.
Kantas & Associates, and our team of experts, will analyze the activity in your accounts to determine if churning may have occurred. Churning can be proven objectively through such calculations as the accounts’ cost-to-equity ratio and turnover rate.
Robert Kantas has handled dozens of churning cases, including one of the largest such cases in the history of FINRA arbitration. If you suspect you’ve been churned, don’t delay. Contact us immediately. The clock is not your friend and if you delay, you could cause some or all of your losses to be unrecoverable. Act now!