Broker-Dealers and Their Agents
Free NASAA Series 63 (Uniform Securities Agent State Law Examination) lesson in BD-Side Registration and Supervision. 31 min read, ~4,615 words.
A broker-dealer is any person in the business of effecting securities transactions for others or for its own account; agents, issuers, banks, and certain out-of-state firms with no in-state office are excluded. An agent is always a natural person (individual), never an entity; representing an issuer only in specified exempt...
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What this lesson covers
- Content
- Example 1
- Example 2
- Common Mistakes
- Key Takeaways
- Exam Shortcuts
Learning objectives
- C3
- C4
- D5
- D6
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