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LSDefine

Simple English definitions for legal terms

churn, burn, and bury

Read a random definition: walk

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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MIAMI A
[] AromaticTroubledDormouse
20:55
How does one know if they are UR1 or UR2?
[] AromaticTroubledDormouse
20:56
CONGRATS MACAQUE!
TY
got a random stanford email and almost had a heart attack
ALSO CONGRATS!
Congrats1!
21:15
Miami A, yall I'm so excited I could cry.
21:15
Feel like I can finally stop holding my breath!! Whew!!!
[] baddestbunny
22:16
every time I get accosted by a strange man who follows me around because my male coworkers were too busy talking to walk me back to my car I get closer to saying we need to bring back traditional gender roles
Dkk
22:32
Nice! @Macaque
Dkk
22:32
@Aromatic, Have to guess.
Dkk
22:33
That sucks @Bunny do you have to go to the hospital?
[] baddestbunny
22:40
I said accosted not assaulted
23:35
guys. my notre dame address just went long is this good or bad
1a2b3c4d26z
23:37
Oooooo me too
23:37
omg is this good or bad
Dkk
23:47
Idk if gender roles are gunna fix that then.
23:49
it looks like most people who applied in october last cycle didn't get a decision until january... does it even mean anything that our addresses went long??
hows ED 2 compared to ED 1?
Dkk
0:10
No idea
windyMagician
0:34
reporting live to say my ndls address also went long
does it mean anything ^
Dkk
2:21
NDLS and Fordham took a very long time last year. It's good info for people to know.
[] baddestbunny
4:29
let’s get after it boys and girls
Dkk
5:21
I gtg to bed soon.
Dkk
5:22
Big day today. Gunna be a crazy one. I will sleep through the first half.
good morning lsd it is 5 am EST
also jazzy my ndls address went long ages ago i sadly do not think it means anything
my stanford address also went long LOL i think at most it's an indicator it's under review
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