Finra Unscripted

For some investors, a high-volume trading strategy could be something they seek. For others, it might be a sign of "excessive trading.” But when does a lot become too much? What is a firm’s responsibility when it comes to supervising for this behavior? On this episode, Chris Kelly, deputy head of FINRA Enforcement and head of Main Enforcement and Sales Practice Enforcement joins us to talk about excessive trading or churning. He shares why this practice remains in focus for FINRA Enforcement and some recent trends. Resources mentioned in this episode:Monthly Disciplinary ActionsBlog: Red Flags to Detect Excessive TradingInvestor Insights: 3 Ways to Guard Against Excessive Trading