Selling Away
When a broker solicits you to purchase securities not held or offered by the brokerage firm. As a general rule, such activities are a violation of securities regulations. Investopedia Says:
Typically, when a broker is "selling away," the investments are in the form of private placements or other non-public investments. Related Terms:
Agent
Broker
Broker-Dealer
Churning
Dealer
Discount Broker
Front Running
Full Service Broker |