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A broker-dealer will be found guilty of churning an account if the account has a...

A broker-dealer will be found guilty of churning an account if the account has a turnover ratio of

A.

four.

B.

five.

C.

eight.

D.

There is no specified turnover ratio assigned to the prohibited practice of churning.

FINRA Series-63 Summary

  • Vendor: FINRA
  • Product: Series-63
  • Update on: Jul 25, 2025
  • Questions: 251
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