Definition 1.
Communication barrier between financiers at a firm (investment bankers) and traders. This barrier is erected to prevent the sharing of inside information that bankers are likely to have.
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Definition 2.
A slang term for the barrier within a brokerage firm that prevents insider information from being handed out by corporate advisers to investment traders.
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Definition 3.
A term used to describe procedures enforced within a securities firm that separate the firm's departments to restrict access to non-public, material information, in order to avoid the illegal use of inside information.
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Definition 4.
A term used to describe procedures enforced within a securities firm that separate the firm's departments to restrict access to non-public, material information. The procedures help NASD members avoid the illegal use "inside" information.
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