ShmoopTube

Where Monty Python meets your 10th grade teacher.

Search Thousands of Shmoop Videos

Finance: What is Selling Away? 8 Views


Share It!


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]

Up Next

GED Social Studies 1.1 Civics and Government
39794 Views

GED Social Studies 1.1 Civics and Government

Related Videos

Fake News
11939 Views

How do you tell fake news from real news?

Finance: What is Bankruptcy?
260 Views

What is bankruptcy? Deadbeats who can't pay their bills declare bankruptcy. Either they borrowed too much money, or the business fell apart. They t...

Finance: What is a Dividend?
1777 Views

What's a dividend? At will, the board of directors can pay a dividend on common stock. Usually, that payout is some percentage less than 100 of ear...

Finance: How Are Risks and Rewards Related?
589 Views

How are risk and reward related? Take more risk, expect more reward. A lottery ticket might be worth a billion dollars, but if the odds are one in...