Jitney


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Jitney

1. An illegal act in which two or more investors buy and sell the same security at pre-arranged, agreed-upon prices. This directly results in neither profit nor loss for the investor, but creates the impression that the security is undergoing heavy trading, which could drive up the price or generate unwarranted interest.

2. A situation in which a broker who is a floor member conducts a transaction on behalf of a broker who is not.
References in periodicals archive ?
Glenn May, Jitneys remain in driver's seat, Tribune-Review (Pittsburgh) online, June 20, 2004, http://vmw.
Southern Jitney Jungle Company, Supreme Court of Mississippi, No.
Jitney ran for 18 months in New York, where it won several critics' awards.
They got some Jitney stores not too long ago, and they've been adding to the group as they go along.
While it's unlikely that you would need such a policy, medical emergencies like the Jamaican jitney accident can occur at any time or place.
when early autos became available and entrepreneurs did what comes naturally - they saw a market for jitney services and scrambled to supply them.
Streetcar companies immediately reported losses due to jitney competition, and many began laying off employees and cutting service.
Municipalities and other organizations that are fueling at Clean Energy CNG stations include Atlantic County Utilities Authority, Atlantic City Jitney Association, which is providing emergency evacuation services, NY/NJ Port Authority, South Jersey Gas, Long Island Bus/Transit Authority, New York City Sanitation (DSNY), New York City MTA and numerous others throughout the region.
The expansion in addition adds a new JFK Jitney bus stop at the end of Concourse B in Terminal 4 near the new gates, adding the already existing stops situated by gates B18 and C60.
Jitney Jungle had convinced the Sheet it was flourishing as an exemplary leveraged buyout-cum-turnaround-cum-roll up with Delchamps.
Wilson's return to Jitney and the evolution of a significantly different version has sparked an interest by critics in Wilson's playwriting methods.
Jet over to August Wilson's Jitney at New York City's Second Stage Theater (307 West 43rd Street; 212-246-4422).