A colloquial name for a fraudulent brokerage firm that uses high-pressure sales tactics to sell worthless or overpriced securities to unwary investors.
A bucket shop is a derogatory term for a brokerage firm or similar financial entity known for questionable practices and typically lacking membership in established trade organizations.
Discover comprehensive accounting definitions and practical insights. Empowering students and professionals with clear and concise explanations for a better understanding of financial terms.