Bucket shop

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Bucket shop

An illegal brokerage firm that accepts customer orders but does not attain immediate executions. A bucket shop broker promises the customer a certain price, but waits until a price discrepancy is present and the trade is advantageous to the firm and then keeps the difference as profit. Alternatively, the broker may never fill the customer's order but keep the money.

Bucket Shop

1. A brokerage that aggressively and often illegally sells its own securities to is clients because it wishes to divest itself and not because selling them is in the interests of the clients. The federal government limits bucket shop activities by limiting the over-the-counter transactions that brokerages are allowed to make.

2. A brokerage that agrees to buy or sell securities on behalf of clients at a given price, but instead buys at a lower price or sells at a higher price in order to keep the difference as profit.

bucket shop

An illegal operation in which buy and sell orders are accepted, but no executions actually take place. Instead, the operators expect to profit when customers close out their positions at a loss. A bucket shop is similar in concept to a bookie who does not lay off bets and accepts the risk of a bettor winning.

Bucket shop.

A bucket shop is an illegal brokerage firm whose salespeople pose as legitimate brokers and attempt to sell you securities.

Typically, a bucket shop broker doesn't actually purchase the securities you agree to buy and that you pay for. Rather, the con artists pocket your money and move on, disappearing before you realize you have been scammed.

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This question -- which is at the core of Ann Fabian's Card Sharps and Bucket Shops -- is reason enough to justify reprinting a book first published in 1990.
The bucket shops could be isolated, excoriated, then eliminated, thereby deflecting the producers' criticisms of speculators and redirecting them to pit producer against consumer.
Do not read Card Sharps and Bucket Shops looking for a systematic, anecdotal/narrative history of gambling practices in nineteenth-century America.
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Buy through travel agents, rather than internet bucket shops.
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In fact, last week bucket shops were offering flight-only deals to the Dominican Republic for just pounds 89 return.
Seventeen people were arrested in raids on 12 ticket outlets and bucket shops across London yesterday as part of Operation Potent.