what is parking in securities trading practices?

[El Ninjo]

Business English Lesson, Advanced Level

ESL/EFL Test #268 "Business buzzwords: Illegal trading activities", question 1

The rule currently being considered by the SEC to prevent illegal ......... trading activities is by no means foolproof: imposing a deadline that a trade must be received by 4 p.m. EST by the mutual fund company would not prevent it from conspiring with traders to manipulate the deadline.

(a) after-hours
(b) late-day
(c) over-the-line
(d) under-the-wire

Business English Lesson, Advanced Level

ESL/EFL Test #268 "Business buzzwords: Illegal trading activities", answer 1

The rule currently being considered by the SEC to prevent illegal late-day trading activities is by no means foolproof: imposing a deadline that a trade must be received by 4 p.m. EST by the mutual fund company would not prevent it from conspiring with traders to manipulate the deadline.

Correct answer: (b) late-day
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what is parking in securities trading practices?

El Ninjo

[Mister Micawber]

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Parking

Putting assets into a safe investment such as a money market account while deciding what stocks, bonds or other investments to purchase with it.

(courtesy of InvestorWords.com)
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_________________
Canadian-American native speaker
who teaches English for a living at Mister Micawber's
ESL cafe: Interview with Mr. Micawber