SCALPING

scalping,n.1. The practice of selling something (esp. a ticket) at a price above face value once

it becomes scarce (usu. just before a high-demand event begins).2. The purchase of a security by

an investment adviser before the adviser recommends that a customer buy the same security. •

This practice is usu. considered unethical because the customer’s purchase will increase the

security’s price, thus enabling the investment adviser to sell at a profit. 3. The excessive markup or

markdown on a transaction by a market-maker. • This action violates National Association of

Securities Dealers guidelines. — scalp,vb. [Blacks Law 8^th]