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Raintaker
What is 'Raintaker' A former employee of a brokerage firm who takes high-value clientelle from his or her previous employer to his...
Saturday Night Special
What is 'Saturday Night Special' An obsolete takeover strategy where one company attempted a takeover of another company by making a sudden...
Same-Day Substitution
What is 'Same-Day Substitution' An offsetting change in a margin account, made over the trading day, that results in no overall change...
Salad Oil Scandal
DefinitionThe Salad Oil Scandal, also referred to as the "Soybean Scandal", was a major corporate scandal in 1963 that ultimately caused over $150 million...
Fair Funds for Investors
What is 'Fair Funds for Investors' Provision introduced in 2002, under Section 308(a) of the Sarbanes-Oxley Act. Fair Funds for Investors was...
Wash Trading
What is Wash Trading
Wash trading is the illegal practice of buying and selling assets in order to artificially inflate the price. This is often...
Wallpaper
What is 'Wallpaper' The name given to stocks, bonds and other securities that have become worthless. Explaining 'Wallpaper' The...
General Motors (GM) Indicator
What is 'General Motors (GM) Indicator' An indicator based on the theory that the performance of U.S. automaker General Motors (GM) is...
Tape Is Late
What is 'Tape Is Late' A situation on the trading floor where trading volume is so heavy that the real-time ticker quotes...
Take A Bath
What does 'Take A Bath' mean Take a bath is a slang term referring to the situation of an investor who has...