An office or a place where facilities are given for betting small sums on current prices of stocks, petroleum, etc.
An organization that accepts customer orders but does not immediately execute them. It waits until, and if, the market acts contrary to the customer's expectations, then executes the order but confirms it to the customer at the price prevailing originally. This practice is outlawed by the National Association of Securities Dealers.
An unlicensed or illegally operated brokerage. see also shop.
an unethical or overly aggressive brokerage firm
Refers to an organization which solicits customer orders but does not execute them immediately for the benefit of the customer. Rather it holds these orders, and tries to improve its own trading basis or advantage to the detriment of the client.
An illegal brokerage firm that accepts customer orders but does not attain immediate executions. A bucket shop broker promises the customer a certain price, but waits until a price discrepancy is present and the trade is advantageous to the firm and then keeps the difference as profit. Alternatively, the broker may never fill the customer's order but keep the money.
Organisation dealing in stocks or commodities which operates on very low overheads and aims to undercut conventional firms.
These are brokerage firms with dubious reputations. Many of these are fly-by-night operations, consisting of many brokers making cold calls to investors. These shops specialize in low priced "penny stocks", which they sell to one fool and then to a greater fool. The brokers may hop from shop to shop, just ahead of federal regulators.
A brokerage firm that accepts customer buy and sell orders, but does not immediately execute them as the SEC requires. Instead, the firm waits until the price has increased or decreased to the point of allowing the firm to buy or sell the stock and pocket the difference. In extreme cases, the firm just takes the money, with no intention of executing the order. Such practices are illegal.
A brokerage enterprise which "books" (i.e., takes the opposite side of) a customer's order without actually having it executed on an exchange.
A brokerage enterprise that "books" (i.e., takes the opposite side of) retail customer orders without actually having them executed on an exchange.
An unofficial and usually illegal betting operation in which the prices of stocks and commodities are posted and the customers bet on the rise and fall of prices without actually buying stock, commodities, or commodity futures.
Bucket shop is a colloquial phrase which refers to different kinds of businesses, each of which is a scam.