A bucket shop took customers' orders and never sent them to a market, betting against the customer instead. Bucket shops were outlawed in the early twentieth century, and the prohibition is a direct ancestor of the rule that a displayed order must be real.
history and doctrine · updated 2026-10-16
See also
Bona fide order— A bona fide order is one placed with a genuine intention to trade if the market reaches it. The concept does most of the work in s…
Boiler room— A boiler room is a high-pressure sales operation, historically telephone-based, that sells securities using scripted misrepresenta…
We use Google Analytics to count visits and see which pages get read. Accepting lets it set
cookies. Declining sets none, though Google's tag still loads and receives cookieless
counts. Nothing here depends on it, and declining changes nothing about what you can read. What we collect.