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Tailgating
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| Purchase of a security by a broker after the broker places an order for the same security for a customer. The broker hopes to profit either because of information which the customer has or because the customer's purchase is of sufficient sze to affect security prices. | ||
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Additional Comments:
This is an unethical practice.
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Related Terms: | ||
Buy Order An order to a broker to purchase a specific quantity of a security. ... Broker-Dealer A firm engaged in the business of effecting securities and other transactions for the accounts of ... Stop Order A stop order is an order to buy or sell a stock once the price of ... | ||
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