Backing Away
Backing away is a term used to describe a broker-dealer's failure, as market maker in a given security, to make good on a bid for the minimum quantity. This practice is considered unethical and is a violation of SEC Rule 11Ac1-1.
Backing away is a term used to describe a broker-dealer's failure, as market maker in a given security, to make good on a bid for the minimum quantity. This practice is considered unethical and is a violation of SEC Rule 11Ac1-1.