Warning

Info

Warning

Info

Warning

Info

LSDefine

Simple English definitions for legal terms

bucket shop

Read a random definition: spoils system

A quick definition of bucket shop:

A bucket shop is a type of brokerage firm that steals money or assets from traders or investors during the brokering process. This is done through illegal practices such as selling an asset for more than it actually costs and keeping the difference. Historically, bucket shops were gambling operations that allowed people to bet on stocks and other markets, but they were eventually made illegal. While they had negative effects, they also helped make investing accessible to ordinary citizens and transformed the U.S. economy.

A more thorough explanation:

A bucket shop is a type of brokerage firm that engages in illegal activities during the trading process. This can involve stealing money or other assets from traders or investors. One common method is for the firm to sell an asset to the customer for more than it actually costs and keep the difference.

For example, if a stock is trading at $50, the bucket shop might tell a customer that it is trading at $55 and then sell the stock to the customer for $55. The bucket shop would then keep the extra $5 per share for itself.

Historically, bucket shops were gambling operations that allowed people to bet on stocks and other markets. These operations were illegal and often targeted inexperienced, working-class citizens. The dealers would leverage the betting of gamblers, increasing the lure of quick money and downfalls soon thereafter.

While bucket shops helped usher in an age of ordinary citizens being able to invest in markets, they were eventually outlawed in most states. Today, bucket shops are illegal brokerage firms that deceive traders or investors during the brokering process.

Brown v. Board of Education (1954) | building and loan association

Warning

Info

General

General chat about the legal profession.
main_chatroom
👍 Chat vibe: 0 👎
Help us make LSD better!
Tell us what's important to you
medicine is a scam
join the ethically ambiguous legal field instead
Dkk
18:57
I want to meet an attorney that defends clients who run into flat earth problems. I want an attorney that knows and believes in flat earth theory.
19:05
i want a flat earther for president. i want a guy who posts on 4chan for president. i want someone who mogs for president.
Dkk
19:18
Exactly. My version of that awful poem.
Dkk
19:19
I can accept a president with maybe one or two of the poems traits hut good God, all of them??? No ty.
windyMagician
19:20
president who respects sex is crazy
windyMagician
19:20
we had bill clinton already
Dkk
19:21
Bill Clinton, first and last black president
windyMagician
19:23
I want to go running but my leg feels weird
windyMagician
19:23
it doesn't hurt its just tingly
Dkk
19:26
It needs more alcohol. You tingle when your nerves need watering.
19:27
try stretching it maybe to see what's up
windyMagician
19:27
stretches make me think it's just soreness
windyMagician
19:27
I'm sober lol
Dkk
19:38
Anyone else get the google notification that your LSD password has been compromised lol. LSD got hacked.
20:48
what.jpg @Dkk
CynicalOops
21:03
You think you just fell out of a coconut tree?
jackfrost11770
21:10
nope dk
CynicalOops
22:37
Calvinamala Harris
jackfrost11770
23:16
should i start using letterboxed again
Dkk
23:25
@jackfrost11770: if you want but like it aint for me
dk do u ever eat at bk
Dkk
23:48
@chickenburgahfart: I would do that in the Army if really desperate for food or if I had to work through lunch. One of the few fast food places I go to.
bk so slept on
Dkk
0:23
I will take In N Out everyday over it when I can though.
texaslawhopefully
1:22
In N Out is not only the best fast food place, but the prices too are fantastic
Dkk
1:27
Indeed, indeed.
LSD+ is ad-free, with DMs, discounts, case briefs & more.