piggybacking
Definition
An unethical practice of a broker making a trade in his or her own personal account immediately after executing the same trade for a client. If the broker has reason to believe that the customer is making the trade on the basis of inside information, piggybacking (also known as tailgating) can be illegal as well as unethical.
Related Articles
- Equity Derivatives *
- Irrevocable Trusts *
- The Economy: From Boom to Recession *
- Understanding Homeowner's Insurance Policies *
- What Is A Commodity? *
- Sizing up a Financial Advisor *
- Introduction to Mutual Funds and their Advantages *
- Getting Started with Investments and Financial Planning *
Related Videos
http://www.businessdictionary.com/definition/piggybacking.html


