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?

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

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