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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.

Language:
English Language

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

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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