Frumento, Aegis J.; Korenman, Stephanie - In: Journal of Investment Compliance 4 (2003) 2, pp. 7-14
Few things are more perplexing for a brokerage firm than being sued by someone who is not its customer, for a security it did not sell. The prohibited sales practice formally known as private securities transactions, or more colloquially as “selling away,” often results in just that. And,...