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Finance Glossary

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Soliciting Orders For Unregistered, Non-Exempt Securities

Definition:

This is an important point, so make sure you understand it. While sales reps can accept unsolicited orders for registered non-exempt securities [see Unsolicited Order], and they can solicit orders for registered non-exempt securities or unregistered exempt securities, they cannot solicit orders for unregistered non-exempt securities. Got that? Soliciting orders for unregistered, non-exempt securities is a no-no.

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