Selling Away

A broker is, by definition, an intermediary, one that makes his/her money on the commissions obtained from the selling and buying of shares that belong to third-parties.

Sometimes, a stockbroker might try to "download" his/her own holding of a certain security on to an unsuspecting investor; this practice is known as "selling away". When selling securities from their own holdings, stockbrokers must make sure they are telling investors so, if not they might be committing fraud. In that case you might need an experienced securities arbitration attorney and should call us at (504) 526-2921 or e-mail us at: kirk@reasonoverllc.com.