When a Securities Professional Buys and Sells Excessive Amounts of Stock

question 159

Multiple Choice

When a securities professional buys and sells excessive amounts of stock for a client's account to make extra-large commissions from the trades, she is:

• A) kiting
• B) churning
• C) dealing
• D) scalping
• E) none of the other choices

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Definitions:

Representation

The action of speaking or acting on behalf of someone or the state of being so represented.

Leadership

The ability to influence, motivate, and enable others to contribute toward the effectiveness and success of the organizations of which they are members.

Coordination

The process of organizing people or groups so that they work together properly and well.

U.S. Office

typically refers to a workplace or building in the United States used for professional, commercial, or bureaucratic work.