Exploin the concept of commission and
brokerage
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A commission broker is an employee of a brokerage company who gets remunerated for the number of trades they execute. ... For example, a dishonest commission broker may engage in a practice called churning, which means they execute multiple trades in a customer's account for the sole purpose of generating more commissions.
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Step-by-step explanation:
A commission broker is an employee of a brokerage company who gets remunerated for the number of trades they execute. For example, a dishonest commission broker may engage in a practice called churning, which means they execute multiple trades in a customer's account for the sole purpose of generating more commissions.
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