One who advises another what to buy or sell, with the expectation of making a profit, if the advice is followed, either by the business being done through the one giving the "tip," or by being given an interest in the profits, if any.
Beware of a "tipster." An advertisement of one's being able to furnish "tips" on stocks, returning fabulous wealth to those seeking the advertiser's advice, is a thing to be avoided like the smallpox. No legitimate broker does anything of this kind. A member of the stock exchange so advertising would be heavily penalized by the officers of the exchange. In the financial world, there is no such thing as an "absolute certainty" for the making of money. If it existed, there would be no need to advertise regarding it.
A good example of a circular sent out by an irresponsible member of society of this kind, who advertised that all trades were made on either the New York Stock Exchange or the Consolidated Stock Exchange, is one which reads in part:
"The funds are operated by us for our clients on information which we receive, and which we are supposed to use for our own benefit, and which we are not supposed to retail to the public at large. At the present time a certain low-priced railway stock has been cornered. It will mean a profit in from five to ten days of 200 or 300 per cent. In other words, we will return every dollar you send to us, with 6 per cent, interest, inside of 10 days if the movement does not take place as scheduled. If it does, we will return all the money you send, with all the profits, less 5 per cent, of the profits, our commission. Why such generosity? Just to get acquainted with you - to get you for a permanent customer."