Prearranged trading

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Prearranged trading

Possibly fraudulent practice whereby commodities dealers carry out risk-free trades at predetermined prices to acquire tax advantages.

Prearranged Trading

The practice of two commodity dealers trading with each other at prices upon which they have agreed in advance. Pre-arranged trading is designed to exclude other dealers from the market, to gain a tax advantage, or both. As a result, pre-arranged trading is illegal.
References in periodicals archive ?
At Dashs direction, Hallmark used a pre-arranged trading scheme to sell these shares to the customers at $3.
The repurchases may be made on the open market, via pre-arranged trading plans, accelerated share repurchase plans, in block trades or otherwise and may include derivative transactions.
The sale was made pursuant to a pre-arranged trading plan set up on Oct.
The sale is part of a pre-arranged trading plan for Schmidt's "long-term strategy for individual asset diversification and liquidity," according to the filing.
Consistent with prior stock repurchase authorizations, InterDigital may purchase stock from time to time through open market purchases, pre-arranged trading plans or privately-negotiated transactions.
He plans to sell about 534,000 Class A shares as part of a pre-arranged trading plan.
Consistent with prior stock repurchase authorisations, InterDigital may purchase stock from time to time through open market purchases, pre-arranged trading plans or privately-negotiated transactions.
InterDigital under the new programme may similarly buy stock regularly via open market purchases, pre-arranged trading plans or privately-negotiated transactions, as it did previously.