Web www.software-risk.co.uk

A forbidden practice in which the member of an underwriting syndicate retains a portion of an initial public offering (IPO) and resells the securities at a higher price determined by the market at a later time.

Also forbidden is a brokerage customer's rapid buying and selling of a security without putting up money for the purchase.

Copyright © 2005, Campbell R. Harvey. All Worldwide Rights Reserved. Do not reproduce without explicit permission.

Related Articles
SEC Proposes Years Exemption on 404
Qinetiq Flotation
Legg Mason Completes Citigroup Deal
Amvescap Continues Slide
Bawag Starts Legal Ball Rolling
Underwriting syndicate
Underwriting
Syndicate manager

Similar Areas

Finance Items

Selected Books

Keywords

Free-riding

underwriting

underwriting syndicate

initial public offering

IPO

brokerage