1. Home
  2. SIE Exam
  3. SIE Practice Tests

SIE Exam Practice Question 633

Question: 633

Which of the following describes the illegal practice of excessive buying and selling of securities in a customer's account without considering the customer's investment goals? Its primary goal is to generate commissions that benefit the broker.

Correct Answer: B

Explanation:

Churning describes the illegal practice of excessive buying and selling of securities in a customer's account without considering the customer's investment goals. Its primary goal is to generate commissions that benefit the broker.

More Tests

All content of site and practice tests © 2022 Jack.
Quick View
FINRA Practice Tests