Bucket shop

• 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.

 Embedded terms in definition
 Related Terms
 Boiler shop or boiler room
Boiler shop or boiler room tactics
Bucketing or to bucket trades

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Beware of fraud originating in phone messages and faxes: FDIC Consumer News has warned before about crooks who call or e-mail consumers and pretend to be legitimate companies or government agencies wanting people to "verify" or "resubmit" (divulge) confidential information such as bank account or credit card numbers as well as Social Security numbers, passwords and personal identification numbers. Here are variations to know about. More...

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