W-2 FORM, Wage and Tax Statement, is the form U.S. employers are required by the IRS to issue for each employee before February 28th of the following year. The W2 form lists the employees total wages/compensation and taxes withheld within the calendar year of the year preceding.
CHURNING, in securities, is the frequent trading of an account in order to generate commissions.
OMB is Office of Management and Budget.
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