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interpositioning |
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Interpositioning An illegal action of a specialist or broker-dealer unnecessarily inserting him/herself into a natural transaction between a buyer and seller in order to pocket an improper profit. Notes: When this happens the specialist might only profit a small amount, but this can add up to a huge amount of money when repeated over time. Interpositioning The practice of using a second broker in a securities transaction, which is considered illegal it is if used to generate additional commission.
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| The complaint further alleges that by engaging in "interpositioning," the Specialist Defendants caused public investors (including plaintiff and the Class) to incur damages by allegedly depriving them of the sale price for their stock that they would have realized had the Specialist Defendants properly matched orders rather than engaging in interpositioning in order to lock in a riskless profit. The specialists' interpositioning themselves between public sellers and buyers of stock for their own benefit constituted a violation of various provisions of the federal securities laws, pursuant to which monetary relief is being sought. The specialists' interpositioning themselves between public sellers and buyers of stock for their own benefit constituted a violation of various provisions of the federal securities laws, pursuant to which monetary relief is being sought. |
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