see-through building n.— «In Houston, where the oil bust of the mid-1980s led to see-through buildings devoid of tenants, brokers are wary of space proliferating in the “energy corridor,” running along Interstate 10 from...
money good adj.— «Although many of the assets and issuers backing these securities are solid, or “money good” in Wall Street parlance, the mechanics of the auction-rate securities market as well as the continuing credit squeeze give...
wrap fee n.— «It allows broker-dealers to charge fees based on assets under management (sometimes referred to as a “wrap fee”) rather than product commissions—just as the registered investment advisers do. If the client’s...
front-run v. phr.— «Prosecutors allege day traders would buy or sell shares in advance of anticipated price movements, generating more than $600,000 in profits between January 2002 and February 2004. Mahaffy said no one ever told him they...
squawk box v. phr.— «A former Merrill Lynch & Co. broker on trial for selling access to his firm’s “squawk box’ denied allowing clients to eavesdrop on internal orders at the firm, though he said he believed they were entitled...