Question

which of the following individuals that offer securities to the public on behalf of a broker-dealer must be registered in the state? i full-time employees ii part-time employees iii independent contractors iv officers

Answer 1

Step-by-step explanation:

Any person, outside a broker-dealer, who represents a broker-dealer or issuer in carrying out or attempting to carry out purchases or sells of securities is referred to as a "agent."

A "broker-dealer" is defined by the Uniform Securities Act as a person who conducts securities transactions for the benefit of others or a person who transacts in securities for its own account.

An agent, an issuer, a bank, savings institution, or trust company, or a person without a physical presence in the state are not considered brokers-dealers if they only effect transactions in the state with or through I the issuers of the securities involved in the transactions.