late day trading

Definition

The illegal practice of making a transaction that took place in after-hours trading appear to be executed during the regular trading session for the purpose of securing a better price. Late-day trading is prohibited by the Securities & Exchange Commission (SEC), but is sometimes carried out by certain funds.
Browse Definitions by Letter: # A B C D E F G H I J K L M N O P Q R S T U V W X Y Z
late charge late fee