Technical Analysis Glossary Tailgating purchase security

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Technical Analysis Glossary: Tailgating

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Term:

Tailgating

Definition:

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.

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02/08/2012 - SV1n