SIE Exam Practice Question 385
Question: 385
A large institutional client of yours has discussed their imminent intent to place a very large purchase order for the stock of XYZ. As the agent of record, you place an order immediately in your own account prior to placing the client's order.
Correct Answer: A
Explanation:
A: Front running is the illegal placing of an order just prior to placing a client's order so as to take advantage of the anticipated market price move.
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