New York Office Senior Counsel Matthew Farley authored an article in  the December 2015  New Jersey Lawyer’s special Securities Law issue titled, “Reliance on Turnover Ratios in Churning Cases: Is this an Outdated Concept?”

Because of the widespread use of arbitration since the late 1980s, there is a scarcity of recent case law relating to wrongful behavior on the part of brokers. Matt explains why the continued use of the “turnover ratio” to establish a claim of churning is “inaccurate and misleading, and when blindly followed, leads to nonsensical if not unjust results.”

Read Reliance on Turnover Ratios in Churning Cases: Is this an Outdated Concept?

Source: New Jersey Lawyer’s Securities Law Issue