piggybacking

piggybacking definition - finance
An illegal practice in which a broker mimics a clientÂ’s trade. The assumption on the part of the broker is that the client may be making the trade because he or she has access to non-public information that will make the trade profitable.

Webster's New World Finance and Investment Dictionary Copyright © 2003 by Wiley Publishing, Inc., Indianapolis, Indiana.
Used by arrangement with John Wiley & Sons, Inc.

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