DEFINITION of '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.

BREAKING DOWN 'Selling Away'

Typically, when a broker is "selling away," the investments are in the form of private placements or other non-public investments.

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RELATED FAQS
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    Short selling can be very risky for both the investor and the broker. Brokers will often tell investors that only stocks ... Read Answer >>
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    Your broker's actions are not legal unless he or she sold the securities under certain conditions. Let's look at the two ... Read Answer >>
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