MLchartDataset catalogue

Bucket shop

Term · Law · MLC-T-LAW-000789

An illegal brokerage firm that accepts customer orders for securities or commodities but does not execute them on an exchange. Instead, the firm bets against its customers, profiting when customers lose money. This fraudulent practice is prohibited by securities regulations and can result in severe penalties.

Table 1. Record
IdentifierMLC-T-LAW-000789
FieldLaw
Record as JSON 
{
  "id": "MLC-T-LAW-000789",
  "term": "Bucket shop",
  "field": "Law",
  "definition": "An illegal brokerage firm that accepts customer orders for securities or commodities but does not execute them on an exchange. Instead, the firm bets against its customers, profiting when customers lose money. This fraudulent practice is prohibited by securities regulations and can result in severe penalties.",
  "url": "https://mlchart.com/terminology/law/bucket-shop/"
}

Record 593 of 5,445 in Law terminology (MLC-0107). Request the full dataset.