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Message: Financial Dictionary definition of "Jitney"
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Financial Dictionary definition of "Jitney"

posted on Oct 22, 2009 12:58PM
Financial Dictionary

Jitney

1. A situation in which one broker who has direct access to a stock exchange performs trades for a broker who does not have access.

2. A fraudulent activity in the penny stock market involving two brokers trading a stock back and forth to rack up commissions and give the impression of trading volume.

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