Skip to main content

Selling Away

By October 21, 2015October 15th, 2017Glossary

Selling away occurs when a broker or financial advisor sells a customer a product that is not held or offered by the broker’s own brokerage firm. Typically, these investments are private placements or other non-publically traded products that can pose additional risks for clients. Because these products are not on the brokerage firm’s “approved products” lists, they have not been thoroughly vetted through the firm’s due diligence process.

GWG Holdings Files for Bankruptcy: How Might That Impact L Bond Investors?