Bucketing
Where, in an attempt to make a quick profit, a broker confirms an order to a client without actually executing it. If the eventual price that the order was executed at was higher than the price available when the order was submitted, the customer would simply pay the higher price. On the other hand, if the execution price were lower than the price available when the order was submitted, the customer would pay the higher price, and the brokerage firm would pocket the difference.
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