PIGGYBACKING
\pˈɪɡɪbˌakɪŋ], \pˈɪɡɪbˌakɪŋ], \p_ˈɪ_ɡ_ɪ_b_ˌa_k_ɪ_ŋ]\
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A practice that is considered highly unethican and in some cases illegal, piggybacking is a strategy by which a broker will immediately carry out a trade in his/ her personal account, after doing the same for a client. It is illegal in case the broker believes the client is acting upon information provided by insiders.
By Henry Campbell Black
Word of the day
Dopamine Acetyltransferase
- An enzyme that catalyzes the of groups from acetyl-CoA to arylamines. They have wide specificity for aromatic amines, particularly serotonin, and can also catalyze acetyl transfer between arylamines without CoA. EC 2.3.1.5.