Churning Attorneys in Baltimore

Customers may grant their brokers discretionary authority to place trades in customers’ accounts, which increases risks and opportunities for abuse such as excessive trading. Due to these risks, securities regulators prohibit firms and their brokers from conducting excessive trading in accounts in which they have discretionary authority.

Excessive Trading and Churning

Trading is excessive when it exceeds what is suitable for customers’ investment profiles and objectives, and trades may be excessive in both size and frequency. Additionally, firms are required to monitor for and detect trading that is excessive considering the financial resources and character of customers’ accounts.

Churning is a malicious form of excessive trading that occurs when brokers intentionally maximize their commissions at the expense of their customers. Often, broker compensation includes commissions on each trade performed on behalf of their clients. This compensation creates an opportunity for brokers to churn their customers’ accounts by executing unnecessary trading that only benefits the broker through the commissions that they have earned. Churning is a serious fraud that can cost investors significant losses.

When brokers engage in excessive trading or churning, customers have a right to pursue legal action seeking a recovery of their losses. Get in touch with us today to get started.

Call 410-LAW-FIRM to help you determine whether you have been victimized by your broker through excessive trading or churning. It is a a complicated process and requires significant legal analysis. Call Miller Stern Lawyers today to get the process started.

Results That Matter

For People Who matter to US
  • $12 Million $12 Million+
  • $10 Million $10 Million
  • $7 Million $7 Million
  • $6 Million $6 Million
  • $5 Million $5 Million
  • $5 Million $5 Million
  • $1.7 Million $1.7 Million
  • $1.7 Million $1.7 Million+
  • $1.4 Million $1.4 Million
  • $900 Thousand $900,000
  • Merrill Settles Claim for $4.25 Million Regarding Suitability Allegations

  • Brian Leggett and Bryson Holdings, LLC v. Wells Fargo Clearing Services, et al
  • FINRA To Hire A Law Firm to Review Arbitrator Selection After Judge Rebukes FINRA in Vacating a Wells Fargo Award
  • $950,000 Fine to Merrill – Flawed Supervision Allowed Two Advisors to Steal $6M
  • In An Order To Vacate Award By Wells Fargo, Judge Scolds FINRA Arbitration
  • Read More On Our Securities & Stock Broker Fraud Blog
  • “Kevin Stern is an excellent lawyer with unmatched expertise, especially within the area of medical malpractice.” - Kelly G.
  • “This law firm is full of some of the most professional and selfless people I’ve ever met.” - Coby P.
  • “My daughter was in a car accident and was injured. We worked with Dan Miller throughout the process and received the settlement we deserved.” - Andrew R.
  • “Daniel Miller was amazing! He was attentive, accommodating, patient, and very comforting to me and my son, after our car accident. I really recommend his practice!” - Jennifer C.
  • “The lawyers at Miller Stern are top-notch! I have needed their services on several occasions and have referred them to family and friends.” - Former Client

    Get Started Today

    Our attorneys are dedicated to helping you win. Contact us online or call 410-LAW-FIRM to discuss your case with us.

    • Please enter your first name.
    • Please enter your last name.
    • Please enter your phone number.
      This isn't a valid phone number.
    • Please enter your email address.
      This isn't a valid email address.
    • Please make a selection.
    • Please enter a message.