Hunting Elephants

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Hunting Elephants

The act or practice in which an investment banker convinces a client to buy a security beneficial to the investment bank's portfolio, whether or not it is beneficial to the client. The term does not imply illegality; that is, one generally can make the argument that the security benefits the client. However, the investment banker encourages his/her client to buy it primarily because of how it benefits the bank.
References in periodicals archive ?
Ivory poachers tend to hunt elephants in just a few key spots in Africa.
After a list of scandals by the Spanish royal family, most notably King Juan Carlos's 2012 trip to Botswana to hunt elephants merely weeks after he spoke of his sleepless nights regarding high unemployment.
He lived in the Limpopo River region of Africa in the first decades of the twentieth century, and Bulpin recounts his childhood in Knysna, how he moved to the area around Crooks Corner to hunt elephants and other animals, how he dealt with raiders and the police, and his relationship with the wanderer Mgwazi.
Negley accepted the bet immediately and, in 1957, set off for the Belgian Congo--the only African nation that would permit him to hunt elephants with bow and arrow.
After all, WDM "Karamojo" Bell used a 7x57 to hunt elephants with.
Specific and well-enforced protections from the people who harm them--those engaged in the exotic wildlife trade, for example, or the vicious people who to this day still hunt elephants for trophies," he answers.
Some people illegally hunt elephants for their valuable ivory tusks.
BRITISH tourists will be able to hunt elephants in a move which has outraged animal groups.
Stephens was quoted, "If you want to hunt elephants you have to go to where you can find elephants.