A practice in which a brokerage discourages clients from selling their securities. A no-net-sales policy is designed to keep a security's price higher than it otherwise would be. The policy is considered unethical.
Farlex Financial Dictionary. © 2012 Farlex, Inc. All Rights Reserved
An unscrupulous brokerage practice of discouraging or preventing investors from selling shares of a stock in order to artificially prop up the market price of a stock.
Wall Street Words: An A to Z Guide to Investment Terms for Today's Investor by David L. Scott. Copyright © 2003 by Houghton Mifflin Company. Published by Houghton Mifflin Company. All rights reserved. All rights reserved.