Is It Solicited or Unsolicited?

A solicited proposal is when the customer asks for a proposal. ... An unsolicited proposal is when you send them a proposal they haven't even asked for because you think they should buy from you or take some action.

What is solicited vs unsolicited?

When a broker submits an order ticket to buy or sell a stock, the ticket must be marked as either “solicited” or “unsolicited.” Often, trades that are not marked are assumed to be solicited. ... To put it simply, solicited trades are the broker's idea, while unsolicited trades are the client's idea.

How do you determine if a trade is solicited or unsolicited?

If you review the past order confirmations that you have received from your brokerage firm, you should be able to find the word 'solicited' or 'unsolicited' on each of the documents.