Review Topics
Practice Exams
When taking your exam, don't think about the song "Camptown Races." (We said, DON'T think about the song. Or going to the bathroom.)

Excessive Trading

Excessive Trading

After lunch, the teacher stood in front of the chalkboard. She held a piece of chalk in one hand and a thin black whip in the other. She looked dangerous, but for once she didn't have a cigarette dangling from her lips.

"Anything labeled excessive probably isn't a good idea, but there's always at least one bonehead out there who thinks he can game the system. Excessive trading, or churning, as it's affectionately known, is excessive trading for economic gain, such as increased...

Looking for more? Why is this annoying box in the way? It's because you haven't paid for the course yet!

Next: The Other Four-Letter Word  
  Prev: Prudent Man Standards