| || InvestHub.com's |
Finance Dictionary and Glossary of Investment Terms
Trading on information which has not yet be revealed to the public. also called jumping the gun.
1. In the context of an IPO, public statements illegally soliciting orders to buy a new issue made prior to the completion of SEC registration. 2. Trading securities on the basis of information that has not yet been revealed to the public.
In the context of securities trading, refers to trading in a security on the basis of information that has not been made available to the public. The illegal solicitation of buy orders in an underwriting before completion and finalization of Securities and Exchange Commission registration.