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Finance: What is Selling Away? 8 Views
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Description:
Selling away is the practice of selling securities that aren't under the seller's auspices to sell.
- Social Studies / Finance
- Finance / Financial Responsibility
- College and Career / Personal Finance
- Life Skills / Personal Finance
- Finance / Finance Definitions
- Life Skills / Finance Definitions
- Finance / Personal Finance
- Courses / Finance Concepts
- Subjects / Finance and Economics
- Finance and Economics / Terms and Concepts
- Terms and Concepts / Bonds
- Terms and Concepts / Charts
- Terms and Concepts / Derivatives
- Terms and Concepts / Ethics/Morals
- Terms and Concepts / Investing
- Terms and Concepts / IPO
- Terms and Concepts / Managed Funds
- Terms and Concepts / Stocks
- Terms and Concepts / Trading
Transcript
- 00:00
finance a la shmoop what is selling away? well it's not allowed it's not cool it's
- 00:09
not kosher a stockbroker registered wrapped financial advisor or otherwise [Man discussing selling away]
- 00:14
licensed agent of the brokerage places a call after the big Bar Mitzvah bash and
- 00:20
says yes / it's burned dog have I got a deal for you [Man talking on the phone]
- 00:24
these bite coins bat coins but coins I don't know whatever they're called this
Full Transcript
- 00:28
coin Bitcoin thing it's really owned places we don't make a market in them
- 00:32
idiot conservatives at my firm they won't change fast enough but listen see
- 00:37
here I think you should buy them they're going to the moon in a good way but [Butt coin launching into air]
- 00:41
coins and Jesper replies why burn dog I know little of the crypto crypto world [Jesper talking on the phone]
- 00:46
what about those shares of Google you are preferring just the other day
- 00:50
Google's moogle they're all the boring stocks on our approved list if you get [Man presenting to group at a meeting]
- 00:55
analysts here they even have buy ratings on the stocks boring you don't get rich
- 01:00
owning them but burn dog you don't get poor either do you old chap there yes
- 01:05
yeah yeah well they're all still private bit but coins that's it it's like the [Person flips a butt coin]
- 01:09
company who makes the coin or stamps them or something private placement very
- 01:13
hush-hush you can't get them here you got to go through our rival firm do we
- 01:18
cheat them in how no they're not such bad guys I'm selfing buds with Dewey and
- 01:22
Cheatham well anyway yeah heard you were wanting to get rich and thought I'd run
- 01:26
this by you like you're buying crap though crypto crypto currency whatever [Bernie talking to Jesper on phone]
- 01:30
like why not buy through a friend right well burn dog yes where i buying I'd be
- 01:36
happy to give you the Commission but I really don't know anything about these
- 01:39
virtual currencies selling away is the practice of selling securities that
- 01:44
aren't under your auspices to sell like getting a rival firm to sell them to a
- 01:49
buddy that is when you sell away you're getting a competitive brokerage or
- 01:53
another player who makes a market in the stock to take that transaction away from [Cash and bitcoin transferring from Jesper to rival firm]
- 01:58
your firm hello disloyalty dot-com generally speaking in bitcoins and
- 02:02
whatever when you go to the dance you dance with the one who brung you [Man and woman dancing]
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