Which of the following individuals would be defined as an agent under the Uniform Securities Act quizlet?An "agent" is an individual (not a "person" as defined by the Uniform Securities Act) who represents a broker-dealer or issuer in effecting securities transactions. An insurance sales person who sells variable annuities is an agent because variable annuities are defined as a security.
Which of the following individuals is excluded from the definition of an agent under the Uniform Securities Act quizlet?An individual who represents a broker/dealer in the sale of U.S. government bonds. II & III only. An individual who represents an issuer in the sale of an exempt security is excluded from the definition of an agent under the Act. Any recognized government security, whether U.S. or foreign, is exempt.
Which of the following is defined as a brokerUnder the Uniform Securities Act, a "broker-dealer" is defined as a person that engages in the business of effecting securities transactions for the account of others; or a person that engages in the trading of securities for its own account.
Which of the following would not be considered an agent under the Uniform Securities Act?The lawyer is not engaged in effecting securities transactions on behalf of the issuer or broker-dealer. Therefore, the lawyer is not considered an agent subject to regulation by the Uniform Securities Act. A partner (or anyone else) of a securities firm making a personal investment does not make him an agent.
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