TeachMeFinance.com - explain Stealing eighths and quarters
Stealing eighths and quarters -- An expression used (especially
in the stock market) when a dishonest broker reports
to customers purchases 1/8 or 1/4 per cent above and sales 1/8
or 1/4 per cent below the actual prices in transactions. These
differences he retains for his own benefit, defrauding his customers
About the author
Copyright © 2007 by Mark McCracken, All Rights Reserved. TeachMeFinance.com is an informational website, and should not be used as a substitute for professional financial or legal advice. TeachMeFinance.com and its owner recommend consultation with a professional financial advisor prior to any investment or financial decision. Please read our disclaimer.