What Is a Solicited Sale

Solicited. This is a trade transaction where the registered representative contacts the client and initiates the buy or sell transaction. If the trade is initiated by a client, the subsequent trade confirmation will indicate “unsolicited.”

What does it mean to solicit sales?

Solicit sales means to encourage the purchase or use of products or services or to provide advice or assistance in connection with such purchase or use. Sample 2.

What is a solicited transaction?

A solicited trade is one in which a registered investment advisor recommended the transaction to their client. In other words, the trade was originally considered, and eventually executed, because the broker thought it was appropriate for their client.