gun jumping

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Gun jumping

In the context of securities trading, refers to trading in a security on the basis of information that has not been made available to the public. The illegal solicitation of buy orders in an underwriting before completion and finalization of Securities and Exchange Commission registration. Also see front running.

Gun Jumping

The act or practice of soliciting orders for a new issue of a security before it has been registered with the SEC, or before its registration has been approved. Gun jumping amounts to soliciting orders outside the SEC's regulation and is, as such, illegal. Engaging in gun jumping can delay the actual issue of the security.

gun jumping

1. The trading in a security before inside information has been released to the public.
2. Solicitation of orders for a new security underwriting before the SEC has approved the registration statement.
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References in periodicals archive ?
Anything reducing competitiveness in the marketplace, such as how we'll price after we merge, is considered gun-jumping," he said.
Counsel should make executives aware of general boundaries, what they can and can't do, gun-jumping, and what the grey areas are," he said.
For instance, Crest noted that the Department of Justice has filed gun-jumping charges where merger agreement provisions "substantially altered" the seller's "ordinary business practices, showing that it had ceded its control to buyer.
These coordinated actions, according to Crest, are just the types of actions that trigger gun-jumping charges in the antitrust context.
Apparently a similar buffet, prepared by the same ladies who had in fact been slaving over it since well before sparrow-fart, had been available on Boxing Day itself but had been carefully wrapped and concealed beneath the counter to protect it, and of course the cognac, from the fearsome depredations of gun-jumping scoffers, not least the ever-opportunistic Clint.
Premerger coordination; the emerging law of gun-jumping and information exchange.
But Jones is quick to point out not only that this is gun-jumping on a massive scale, but also that it is an insult to Smith, who is still in a job at Everton as long as they avoid embarrassing FA Cup defeat at Stoke City today.
Having committed journalism enough to qualify as a gun-jumping hothead, I was plenty surprised by the country's warning to curb the political bickering and prurient muckraking.
Gun-jumping isn't the only landmine awaiting Internet companies during the IPO process, according to Foley & Lardner's attorneys.