free riding

Definitions (2)

1. The withholding of part of a new securities issue by a syndicate member, with the intention of selling it later at a higher price. Illegal.
2. The rapid buying and selling of a security by a broker or customers without putting up personal funds for the purchase. Illegal.

Use free riding in a sentence

You need to make sure you cut off anyone that is free riding and don't let them profit of you any longer.

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They were practicing what was called free riding and I told them that it was illegal and they should stop very soon.

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Jackson discovered that the free riding his associates had been involved in was quite rampant and he was very concerned about what this would mean for the future of his firm.

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free rider free right of exchange