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Series 66

Terms in this set (6)

Who considered agents?
only personnel engaged in securities transactions are agents. Officers maybe depending on their particular job function.
what is considered a person to the USA?
a legal entity, which includes individuals and businesses such as corps, broker dealers, partnerships and investment advisors.
Exempt Issuers include:
Government Issuers (NOT CUBA or NORTH KOREA), Banks, savings and loans, trust companies, credit unions, ins. companies, non-profit org, common carrier, Public utility holding act of 1935
Types of securities exempt:
short term debt (9 month max, top 3 highest rating, denominations of 50k or more)
Federal covered Securities:
securities listed 1)NYSE, NASDAQ, or regional exchange 2) ins companies 3) Rule 506 (private placements exceeding 5 million) 4) qualified purchasers (person own at least 5 million of securities)
broker/dealer:
a person in the business of effecting securities transactions in there account of in the account of others
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