Outrageously Funny Word Dictionary :: Noncorrespondent

👉 The term "noncorrespondent" in the context of financial markets refers to a person or entity that does not follow the rules and regulations set forth by regulatory authorities, such as securities exchanges, to ensure compliance with market standards. These individuals may engage in activities such as manipulation of prices, insider trading, or engaging in unsolicited trades without proper authorization. Noncorrespondents can have significant consequences for their financial institutions and could potentially lead to legal action against them.

noncorrespondent