25. Churning – Nova Abordagem Regulatória
a securities account occurs when a dealer, acting in his own interests and against those of his customer, induces transactions in the customer’s account which are excessive in size and frequency in light... ) To employ any device, scheme, or artifice to defraud, (b) To make any untrue statement of a material fact or to omit to state a material fact necessary in order to make the statements made, in the light