gun jumping(redirected from Gun-Jumping)
In the context of securities trading, refers to trading in a security on the basis of information that has not been made available to the public. The illegal solicitation of buy orders in an underwriting before completion and finalization of Securities and Exchange Commission registration. Also see front running.
Copyright © 2012, Campbell R. Harvey. All Rights Reserved.
The act or practice of soliciting orders for a new issue of a security before it has been registered with the SEC, or before its registration has been approved. Gun jumping amounts to soliciting orders outside the SEC's regulation and is, as such, illegal. Engaging in gun jumping can delay the actual issue of the security.
Farlex Financial Dictionary. © 2012 Farlex, Inc. All Rights Reserved
1. The trading in a security before inside information has been released to the public.
2. Solicitation of orders for a new security underwriting before the SEC has approved the registration statement.
Wall Street Words: An A to Z Guide to Investment Terms for Today's Investor by David L. Scott. Copyright © 2003 by Houghton Mifflin Company. Published by Houghton Mifflin Company. All rights reserved. All rights reserved.