Articles on: Investment Glossary

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.

Updated on: 24/04/2023

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