Brought over the wall(redirected from Bring of the Wall)
Brought over the wall
Compelling a research analyst of an investment bank to work in the underwriting department for a corporate client, therefore allowing for the transmission of insider information. Also called "Over the Chinese wall".
Copyright © 2012, Campbell R. Harvey. All Rights Reserved.
Brought Over the Wall
Describing a situation where a research analyst at an investment bank works temporarily in the underwriting department on a particular client about whom the analyst is knowledgeable. The "wall" refers to the imposed lack of communication between the investment banking and brokerage services of a financial institution. The wall exists in order to prevent brokers and investment bankers working for the same company from deliberately or accidentally sharing inside information that could lead to illegal insider trading. Bringing someone over the wall, albeit temporarily, allows for the communication of inside information when doing so is both legal and necessary. The term is also called "brought over the Chinese wall." See also: Chinese Wall.
Farlex Financial Dictionary. © 2012 Farlex, Inc. All Rights Reserved