Aunt Minnie

An arrangement whereby a stockbroker, with memberships on both New York Stock Exchange and regional exchange, gives up part of his or her commission on the regional exchange in consideration of the recipient arranging to place a trade on the New York Stock Exchange so that recipient pays for the New York Stock Exchange trade not the regular commission but that amount less the give-up on the regional exchange; it is an unlawful rebate. Moses v. Burgin, D.C.Mass., 316 F.Supp. 31, 47

Black's law dictionary. . 1990.

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