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LSDefine

Simple English definitions for legal terms

churn, burn, and bury

Read a random definition: Dieu et mon droit

A quick definition of churn, burn, and bury:

Churn, Burn, and Bury: When a stockbroker makes too many risky trades in a customer's account, they can lose all of the customer's money. This is called "churn, burn, and bury." It's like playing a dangerous game with someone else's money and not caring about the consequences.

A more thorough explanation:

Definition: Churn, burn, and bury is a term used to describe the actions of a stockbroker who makes numerous risky trades in a customer's account, resulting in the loss of the customer's money.

Example: A stockbroker convinces a customer to invest a large sum of money in a particular stock. The stockbroker then makes several trades in the customer's account, buying and selling the same stock repeatedly, in an attempt to generate commissions for themselves. However, the stock's value drops, and the customer loses a significant amount of money. The stockbroker continues to make risky trades, hoping to recoup the losses, but only ends up losing more of the customer's money. Eventually, the customer's account is depleted, and the stockbroker has "churned, burned, and buried" the account.

This term is used to describe the unethical and illegal actions of some stockbrokers who prioritize their own financial gain over the best interests of their customers. By making numerous risky trades, these stockbrokers generate commissions for themselves, but ultimately cause their customers to lose money. The term "churn, burn, and bury" emphasizes the recklessness and disregard for the customer's well-being that characterizes this behavior.

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JumpySubsequentDolphin
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I’ve barely gotten through chromakopia I can’t deal with another album drop rn
JumpySubsequentDolphin
17:17
this is so stressful
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JumpySubsequentDolphin
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idk splitty :(
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JumpySubsequentDolphin
17:18
@SplitterusClitterus: did you like cmiygl? that’s one of my all time fave albums
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babycat
17:19
liking chromakopia and not Tyler's other stuff is crazy to me
JumpySubsequentDolphin
17:19
perhaps im biased bc i saw him live when he performed cmiygl for the first time
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JumpySubsequentDolphin
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JumpySubsequentDolphin
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JumpySubsequentDolphin
17:23
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