What is an 'Active Management'?

Active Management: The use of a human element, such as a single manager, co-managers or  a team of managers, to actively manage a fund's portfolio. Active managers rely on analytical research, forecasts, and their own judgement and experience in making investment decisions on what securities to buy, hold and sell.

What is the meaning of 'Painting the tape' ?

Painting the Tape: It is an illegal action by a group of market manipulators buying and /or selling a security among themselves to create artificial trading activity, which, when reported on the ticker tape, lures in unsuspecting investors as they perceive an unusual volume.

Who is a Bag Man?

Bag Man: Any person in charge of organizing, collecting and transporting money, generally in connection with illigal or illicit activities. A bag man is someone who collects and delivers money on behalf of a boss or an organization.  Bag man also can be used to describe an individual who is in charge of collecting and delivering contributions to political parties or fundsgathered for political purposes.

What is a Golden Parachute?

Golden Parachute:  It is a lucrative benefits given to the top executives in the event that a company is taken over by another firm, which causes in the loss of their own job. The benefits may be bonuses, severance pay, stock options or any other agreed types of benefits.