Stealing eighths and quarters. An expression used (especially in the stock market) when a
dishonest broker reports to customers purchases 1-8 or 1-4 per cent above and sales 1-8 or 1-4
per cent below the actual prices in transactions. These differences he retains for his own benefit,
defrauding his customers of them. This practice is infrequent. It is fraud and is punishable by
expulsion from an exchange.