Excessive broker trading in a discretionary account. Underwriters persuade brokerage
clients to purchase some part of a new issue in return for the purchase by the underwriter of other securities
from the clients at a premium. This premium is offset by the underwriting spread.
Copyright © 2018, Campbell R. Harvey. All Worldwide Rights Reserved. Do not reproduce without explicit permission.
To add symbols:
These symbols will be available throughout the site during your session.