Oh, Shmoop is a home where the buffalo roam, where the nerds and the coolest kids play; where never is heard a discouraging word, and the Shmoints do flow freely all day.
Cows are like buffalo...EXCEPT they're NOT as huge, athletic, and ridiculously good-looking. Confused? Pay attention to key words if you want the real deal.
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!