Review Topics
Practice Exams
Know how many questions to expect in a section. There are about 500,000 buffalo in North America...and I expect to see each one of them at the next family reunion. (Uncle Abe, I'm looking at you.)

Who Doesn't Need to Register

Who Doesn't Need to Register

Now it's time to talk shop about the broker-dealers that don't have to play the registration game. These are BDs that

  • have no place of business in the state
  • have no office in the state, but do business with institutional investors
    • Institutional investors include: issuers of securities involved in the transactions, pension, or profit-sharing trusts, investment companies as defined in the Investment Company Act of 1940, banks, savings institutions, trust companies, insurance companies, other...

Looking for more? Why is this annoying box in the way? It's because you haven't paid for the course yet!

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