Selling Away


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.

  1. Dealer

    A person or firm in the business of buying and selling securities ...
  2. Broker-Dealer

    A person or firm in the business of buying and selling securities, ...
  3. Full-Service Broker

    A broker that provides a large variety of services to its clients, ...
  4. Front Running

    The unethical practice of a broker trading an equity based on ...
  5. Churning

    Excessive trading by a broker in a client's account largely to ...
  6. Agent

    1. An individual or firm that places securities transactions ...
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