Sold away

Sold away

Refers to over-the-counter trading. Having sold stock to another dealer before making the present offering.

Selling Away

1. The act of a broker seeking to sell a client a security not offered by the brokerage. This is usually part of a private placement. Except in limited circumstances, selling away is illegal.

2. The act of a broker selling a client's security without the client's authorization.
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References in classic literature ?
In the old-days the city of Priam was famous the whole world over for its wealth of gold and bronze, but our treasures are wasted out of our houses, and much goods have been sold away to Phrygia and fair Meonia, for the hand of Jove has been laid heavily upon us.
But it's not good for a woman to be situated as I was; friendless and alone, with her things that she took a pride in sold away from her, and with nothing to look forward to in her life to come.
Now he is yet to pay 600,000 South Sudanese pounds, even after he sold away some of his assets, including houses here in Aweil to repay the money.
This year, foreign investors sold away Turkish bonds with a value of $4.
According to El-Kosayer, these procedures had very positive effects on the exchange market, where they eliminated the black market and led to increasing the amounts of dollars in the banks, in addition to returning the remittances of Egyptians abroad to the banking sector, after the foreign currencies were being sold away from the banks.
Black and Whites sold away well and topped at PS1234.
He reiterated that the status of land sold away or allotted by PQA to other organizations and institutions remain illegal and unauthorized.
Aged between three and five, all three of them were abandoned by their parents in the face of poverty, sold away to brokers for prostitution and pornography, and simply left to be raped and tortured.
The first game we sold at was a friendly at Crewe and the week after we sold away at Nottingham Forest, there were hundreds there and from then on it took off," he remembers.
He said: " The first 30 minutes is about a boy and horse growing up and how that horse is sold away.
Founder, Geoff McQueen, sold away the firm to Daniel Rowan, Michael David and Jacinta Cali.
Raising doubts over the government will to investigate the matter, Bhushan said: "Despite knowing everything and also that Verma is the main accused in the Navy War Room leak, which means that India's defence secrets are being sold away to other countries, he has been released on bail and no effort is being made to arrest him or investigate all these matters.