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Pretty sure Chewbacca stole my pipes, Little Mermaid-style. Don't pull a Wookiee—make sure all of your work is your own.

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...

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