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The term jitney has two meanings, depending on the context. One is relatively undeniable and simply refers to a broker who relies on another broker to execute their trades. Another definition has a negative connotation and refers to brokers who collude with each other to exploit their clients and other market participants through various schemes. Automated Clearing House (ACH)
September 25, 2022 The Automated Clearing House (ACH) is an electronic funds transfer system that facilitates payments in the US. Back Office
September 25, 2022 The back office is the part of the company that consists of administrative and support staff who do not work with clients. Broker-Dealer
September 25, 2022 A broker-dealer is a financial institution that trades securities on behalf of clients, but which may also trade for itself. Brokerage Account
September 25, 2022 Investors have different needs and should choose their brokerage firms accordingly. Custodial Account
September 25, 2022 A deposit account is a savings account created and managed by an adult for a minor. Fraud
September 25, 2022 Fraud involves deception with the intent to unlawfully or unethically gain a benefit at the expense of another person. House Maintenance Requirement
September 25, 2022 House maintenance requirements are the standards for the minimum margin account level chosen by brokerage firms. Investment Bank (IB)
September 25, 2022 Investment banks specialize in managing complex financial transactions such as IPOs and mergers for corporate clients. Japan Association of Securities Dealers Automated Quotation
September 25, 2022 Jasdaq is a Japanese stock exchange focused on emerging companies. It is one of several subsidiaries of the Japan Exchange Group. Margin Account
September 25, 2022 A margin account allows a trader to borrow funds from a broker without having to deposit the entire value of the trade. Prime Brokerage
September 25, 2022 Prime brokerage refers to a set of services that investment banks and other large financial institutions offer to hedge funds and similar clients. Stockbroker
September 25, 2022 A stockbroker is a financial professional who buys and sells shares at the behest of clients. Transfer Agent
September 25, 2022 The transfer agent plays a vital role as a link between the company registrar and the investor. Wirehouse
September 25, 2022 Wirehouse is a full-service broker-dealer of any size. Application Programming Interface (API)
September 25, 2022 The Application Programming Interface (API) establishes an online connection between the data provider and the end user. Automated Customer Account Transfer Service (ACATS)
September 25, 2022 Automated Account Transfer Service (ACATS) can be used to transfer stocks, bonds, cash, mutual funds, mutual funds, options, and other investment products. Bait and Switch
September 25, 2022 Lure and spoofing occurs when a prospective buyer is lured into an advertised deal that appears attractive. Bernie Madoff
September 25, 2022 Bernie Madoff was a financial manager responsible for one of the biggest financial scams in modern history. Black Market
September 25, 2022 An illegal market is an economic activity carried out outside government-sanctioned channels. Black Money
September 25, 2022 Black money includes all funds earned as a result of illegal activities, as well as other legitimate income that is not taken into account for tax purposes. Boiler Room
September 25, 2022 A boiler room is a scheme in which sellers use high-pressure selling tactics to persuade investors to buy securities, including speculative and fraudulent securities. Brokerage Company
September 25, 2022 A brokerage company primarily acts as an intermediary, connecting buyers and sellers to facilitate a transaction. Brokerage Fee
September 25, 2022 A broker or agent charges a commission for executing trades or providing specialized services. Channel Stuffing
September 25, 2022 Channel stuffing refers to the practice of a company supplying more products to distributors and retailers through a distribution channel than end users can purchase in a reasonable amount of time. Chicago Mercantile Exchange (CME)
September 25, 2022 The Chicago Mercantile Exchange, or Merc, is an organized exchange for trading futures and options.