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A broker-dealer trades in a personal account prior to filling the orders of his or her clients. Prohibited by the NASD rules of fair practice. Also see front running
Copyright © 2012, Campbell R. Harvey. All Rights Reserved.
The act or practice of a broker making a trade on his/her own account before filling a similar order on behalf of a client. Going ahead is considered a form of insider trading and as such is illegal.
Farlex Financial Dictionary. © 2012 Farlex, Inc. All Rights Reserved