Sold away

Sold away

Refers to over-the-counter trading. Having sold stock to another dealer before making the present offering.
Copyright © 2012, Campbell R. Harvey. All Rights Reserved.

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.
Farlex Financial Dictionary. © 2012 Farlex, Inc. All Rights Reserved
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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.
"I'd ha' gev three times the money if they'll make up to you a bit for them as was sold away from you, Miss.
All classes would be easier on the week, but still sold away to favourable rates.
There is a pending case of landmark Holy Trinity Church in Murree that was sold away by a Christian minister and his partners.
The park failed to open for the 2006 season because of financial problems, and for a time it seemed like Santa's Village was going to go the way of Riverview, Kiddieland and Dispensa's Kiddie Kingdom and have its attractions slowly sold away before a developer came and knocked it all down, Futrell said.
Even the "first buffalos" that supplied milk for the previous prime minister, have been sold away, obviously, because, Imran Khan is a sportsman, who abhors belly fat.
The bear baiting or bear-dog fighting is banned according to the Section 5 and Section 9 of the Islamabad Wildlife Ordinance, yet bears are captured and then sold away as the game is popular in remote villages and tribal areas of the country.
Usually, a few suits are high in demand while the rest are seen festering away in fabric retail shops for months, sold away at discounts.
" In her letter, Ms Onwurah asked: | Have assets which were part of Mr Ashley's purchase been sold away from the club or moved into other entities owned by Mr Ashley?
" In her letter, Ms Onwurah asked:| Have assets which were part of Mr Ashley's purchase been sold away from the club or moved into other entities owned by Mr Ashley?
Kgosi Richwell Nkonkwena suggested that alcohol retail outlets be fenced and that there be specific places where home brewed alcohol could be sold away from residential areas.