I have a question that I can't seem to find the answer to. What is considered selling away if you become a registered rep? If I become registered but I don't plan to sell securities at the firm and just work as an employee but need to be appointed and then I sell life insurance or index annuities with another company outside of the firm is that considered selling away?
What is or what is considered selling away?
- Thread starter Advisor06
- Start date
- 11,505
https://www.investopedia.com/terms/s/sellingaway.asp
It depends on the firm. Generally... yes, because it could be considered a non-supervised sale, by the nature that you are securities licensed and subject to their rules.
However, not all broker/dealers are the same.
You'll have to ask because life insurance and fixed indexed annuities are not registered products subject to FINRA oversight... but your registration makes you subject to THEIR oversight.
Just ask them.
It depends on the firm. Generally... yes, because it could be considered a non-supervised sale, by the nature that you are securities licensed and subject to their rules.
However, not all broker/dealers are the same.
You'll have to ask because life insurance and fixed indexed annuities are not registered products subject to FINRA oversight... but your registration makes you subject to THEIR oversight.
Just ask them.
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