spinning (redirected from distaff)

Spinning

The practice of brokerage houses exchanging IPO shares with top executives for reciprocating business from their companies.

Notes:

A lucrative means of enticing the business of large companies. By swaying the decision of the top executives, investment brokerage houses can secure a quid pro quo type of arrangement.

See also: IPO, Laddering, Quid Pro Quo

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Spinning

In investment banking, the practice of an investment bank setting aside portions of a corporation's Initial Public Offering for senior management of that corporation. Ethically questionable practice which appears to be a form of bribery.

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spinning

The allocating of shares of a hot initial offering by a securities firm to the personal account of a corporate executive in anticipation of gaining future business from the executive's firm.