spinning
 n.— «Handing out chunky pieces of a hot IPO has led to trouble in other markets. Several years ago, U.S. regulators cracked down on a practice known as spinning, in which investment banks steered hot IPO shares to preferred clients in hopes of winning lucrative advisory work from those clients.» —“Hong Kong elite score hot IPOs” by Kate Linebaugh in Hong Kong Wall Street Journal June 2, 2006. (source: Double-Tongued Dictionary)

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