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Taligating

When a broker or advisor purchases or sells a security for their client(s) and then immediately does the same transaction in his/her own account.This is not illegal like front running, but is still considered to be unethical because the broker is usually placing a trade for his/her own account based on what the client knows (like inside information).

Page last modified on Monday December 2, 2013 13:16:04 GMT-0000