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Churning
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6/21/2006 1:09:00 AM | Florida Releases Its Annual 'Top-10 Fraud List' 
=(0) The "Top 10 Fraud List" released each June by the Florida Department of Financial Services outlines the largest cases of fraud successfully prosecuted in the state that year. The release coincides with the state Insurance Fraud Prevention Week. This year's honorees include a doctor who overprescribed pain medications, resulting in some de...
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5/31/2006 12:17:00 PM | Taking Aim at Reverse Churning =(0) While "churning" is the practice of creating excessive transactions in order to reap commissions, "reverse churning" is the term for putting clients who trade infrequently into fee-based accounts as opposed to commission-based accounts. This is often not in the client's best interests and is currently one of the issues examined when a firm is ...
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3/28/2006 6:01:00 AM | State warns retirees of scam techniques =(0) This article describes various schemes that are aimed at cheating baby boomers approaching retirement, and the elderly. Personal information scams try to harvest data by posing as consultants for things such as medicare paperwork; oil and gas investment frauds promise high profits; and prime bank schemes promise high returns from offshore investmen...
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