asked 26.9k views
2 votes
Yolanda gets a call from her broker who recommends selling the mutual fund they bought last month because it is performing poorly and buying a different one instead. The broker gave the same advice six months ago. What is her broker most likely engaged in?

Select the best answer from the choices provided.
breakpoint violations
creating an index fund
churning
unauthorized trading

1 Answer

6 votes
the answer is churning
answered
User Sashi Kant
by
8.8k points
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