Tailgating
Definition of 'Tailgating'When a broker or advisor buys or sells a security for a client(s) and then immediately makes the same transaction in his or her own account. |
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Investopedia explains 'Tailgating'This is not illegal like front running, but it is not looked upon favorably because the broker is mostly likely placing a trade for his or her own account based on what the client knows (like inside information). |
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