Fictitious Quote

Definition - What does Fictitious Quote mean?

Fictitious Quote is a quote which is not representative of an actual bid or offer for a security.

Testopedia explains Fictitious Quote

Fictitious Quotes are entered only for manipulative purposes and are a violation of FINRA and SEC rules. A broker dealer may not enter a quote for a security which is not representative of price at which the dealer is willing to buy or sell a security. Nominal quotes would not be considered to be fictitious quotes as these are clearly identified as being for informational purposes only

Connect with us

Testopedia on Linkedin
Testopedia on Linkedin
"Testopedia" on Twitter

Sign up for Testopedia's Free Newsletter!