> ## Knowledge Base Index
> Fetch the complete knowledge base index at: https://biasinvestors.crisp.help/sitemap.xml
> Use this file to discover available pages before exploring further.
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# Private Securities Transaction

A transaction by a person associated with a member firm that is outside the scope of that person’s regular employment. Written permission is required from the firm if the transaction involves compensation. If compensation is not involved, a registered representative must notify the member and the member may still set conditions on the rep’s participation. Failure to notify the employing broker-dealer is referred to as Selling Away.