(redirected from tailgater)
Also found in: Dictionary, Thesaurus, Idioms, Encyclopedia, Wikipedia.


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.


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.


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.


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 ?
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.
If there are no open lanes available, maintain a legal speed until you can let the tailgater pass.
Just as sport consumers display varying levels of commitment with particular teams (Mullin, Hardy, & Sutton, 1993) and consumers develop varying levels of relationships with brands (Fournier, 1998), tailgaters differ in their levels of commitment to the ritual of tailgating.
I have found that many tailgaters now spend over $700 a year on food and supplies for up to 10 tailgates a season and usually arrive at the stadium three to four hours before kickoff.
Dunkin' Donuts is recognized as the brand committed to serving guests breakfast whenever they want it, and that is why we focus on introducing new and innovative breakfast sandwiches like the new Tailgater Breakfast Sandwich as part of a full menu that can be enjoyed all day long.
Tailgating is obviously a risk-taking behaviour, it is impatient and it is impulsive and tailgaters get a kick from that, for them it's a game of power.
But, then, nothing comes easy for tailgater chefs: Time constraints.
15 per cent of women and 11 per cent of men slow down to annoy the tailgater as much as possible.
To make tailgating even easier, Tailgater Concierge makes its debut today as a one-stop solution for all tailgating needs -- all fans need to do is show up and enjoy.
TicketCity has been a great partner for us," said Chris Reaves, President and Publisher of Southern Tailgater Magazine.
While men's top hate is the middle lane hogger, women have less time for the tailgater.
Fans seem to be tailgating more than ever as Tailgater Magazine estimates that 50 million people tailgate annually in North America.