Tailgating

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Tailgating

Purchase of a security by a broker after the broker places an order for the same security for a customer. The broker hopes to profit either because of information which the customer has or because the customer's purchase is of sufficient size to affect security prices. This is an unethical practice.

Tailgating

The act of entering a restricted area without authorization by following a person with authorization. For example, one may enter a door immediately behind a person who has the key. The term implies that the tailgater does not have the consent of the person who has access, but this is not always the case. Tailgating is a violation of security protocol and may be a form of trespassing.

tailgating

The placement of an order by a registered representative for the registered representative's own account on the basis of an order that has been received from a client. Suppose a customer calls a registered representative with an order to sell 1,000 shares of stock. If the representative sells the stock for the customer and follows it by selling additional shares of the same stock for his or her own personal account, the representative is tailgating.

Tailgating.

When a broker places your order for a security, and then immediately places an order for his or her own account for the same security, the broker is tailgating.

Although this practice, which is also known as piggybacking, isn't illegal, it is considered unethical, because the assumption is that the broker is trying to profit from information the broker believes you have about the stock.

A broker will typically tailgate only when you buy stock in a sufficient quantity to potentially affect the price of the security.

References in periodicals archive ?
AFTERNOON HOT SPRINGS TAILGATE MKT Where: Bridge Street in the lawn of the Yellow Tea Pot next to the post office in Hot Springs When: Saturday afternoon 2 pm-7pm Contact: Sandy Smith 828-680-9890 mtnmomma99@aol.
To avoid food poisoning from tailgate fare, keep hot foods hot and cold foods cold, cook meat thoroughly, wash your hands and utensils frequently and, if in doubt about whether food has spoiled, throw it out.
All farmers involved with the West Asheville Tailgate Market are committed to providing their customers with nutritious and healthy foods, grown free of pesticides or chemicals.
Let's look at the numbers: The return on investment associated with a tailgate is significant, and scissor-style tailgates take it even further.
We want to shake up the way America tailgates and put an end to the frequent trips to the store and exorbitant prices that are often associated with tailgating.
Though it started as a print magazine, Tailgater Monthly[TM] has grown steadily into a multi level platform with print and digital versions, e-newsletters, tailgate tours, sponsored events, custom surveying, list development and product sales.
Operators, you're not done with PMCS until the air tank for the truck's tailgate and material control system (MCS) is drained.
More to the point, the tailgate crowd is what marketers think of as a highly desirable cohort, with a majority of participants having college degrees, owning homes and falling into the 24-54 age range.
The effort invested in preparing for the tailgate reaps its benefit in making the tailgating experience itself easier and less problematic.
Canton Tailgate Market, at the town hall in the municipal parking lot on Park St.
Tailgating Innovations of Fayetteville wants to take the American tradition of the tailgate party to the next level.
I felt the Republican Party is a good party and the Democratic Party is a good party, but there is no party as good as the Tailgate Party -- because that is a party,'' he said.