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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  1. Why Are Securities Held 'In Street Name'?

    Buying or selling securities through a broker means they're held in your broker's name. Read Answer >>
  2. My broker just sold securities out of my account without my permission. Is this legal?

    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 >>
  3. Does a broker always have to buy a stock if I want to sell it?

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  4. Why are most brokerage firms owned by banks?

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    Learn how brokers have the sole discretion to determine which customers can open margin accounts, and understand the rules ... Read Answer >>
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