has made it clear that excessive trading
is itself a suitability
This was another case of misrepresentations, high pressure sales tactics and excessive trading
," Tepper said.
The firm performed inadequate monitoring of excessive trading
, failed to have standards for what constituted excessive trading
and failed to prescribe any steps that would be taken if excessive trading
were suspected; and
We have procedures in place to monitor market timing or excessive trading
, so we feel very confident in eliminating these fees across the board," he added.
Harrison engaged in unauthorized trading, excessive trading
, "churning," and engaged in material misrepresentations and omissions in connection with the purchase and sale of an estimated $50 million to $100 million securities transactions from September 2006 until October 2008.
The Board's failure to properly address the fund's continual and excessive trading
discount to Net Asset Value, or NAV.
As a result, on April 25, 2003, Seligman blocked trading in those accounts for 90 days due to a pattern of excessive trading
Redemption fees were one of a number of tools which were originally put in place to discourage short-term or excessive trading
After the acquisition, language was added to ING fund prospectuses stating that the funds were not short-term trading vehicles and that excessive trading
, or market timing, could harm ING funds.
These measures include establishment and enforcement of limitations on trading frequency, implementation of programs designed to monitor and detect excessive trading
, and institution of fair-valuation procedures to eliminate international arbitrage opportunities.
Providing cash rebates is not enough for newer traders as it could promote excessive trading
in a very volatile market," stated Frank Franze, CEO, Ztrade FX.
She also served on the faculty of numerous continuing legal and securities industry education programs and has published extensively on the subjects of excessive trading
, margin, damages, and Internet securities fraud.
Reiterating that the Simulator quarterly challenges are not conducive to buying and holding, the Second Quarter Stock Challenge winner noted that one should not be afraid of excessive trading
especially considering the low commissions and short duration of the game.