selling away

Definition

The act of a broker trying to get a client or potential client to purchase securities not offered by the company that the broker works for. This practice is considered a violation of the securities contract that the broker has with the firm and may lead to termination.

Use selling away in a sentence

They were selling away all of their rights and it made everyone depressed because it was not a good act.

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You may feel like you are just selling away but this may be the best way for you to react to the market at this time.

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Registered representatives (ie financial advisors or brokers) who sell products not approved by their firm or conduct business other than under the auspices of their broker/dealer (potentially including non-securities related business) are considered to be committing the regulatory infraction known as selling away.

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