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Message: It's so comforting to know that Jitney....

Sophie3
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Re: It's so comforting to know that Jitney....

posted on Nov 02, 11 02:30PM

Hi Sum4all,

As it turns out, the company Jitney is named after an investing term (jitney) which can mean one of two things.

  1. A situation in which one broker who has direct access to a stock exchange performs trades for a broker who does not have access or;

  2. A fraudulent activity in the penny stock market involving two brokers trading a stock back and forth to rack up commissions and give the impression of trading volume.

If it was me, I probably would not have named my investment company Jitney because, as you can see, it has a potentially very negative conotation if one goes by the second definition. Of course, what has at times been alleged on this site is the latter.

A rather unfortunate choice of name if you ask me. Sorry, I just couldn't resist.

RHammer

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