Definition of an Agent of a Broker-Dealer: Rapid Fire

What this video covers

• Why an agent must be an individual, never a firm, and why broker-dealers and agents are distinct entities on every question
• The three elements that create agent status: individual status, representation of a broker-dealer or issuer, and effecting or attempting to effect securities transactions
• Why titles such as partner, officer, or director mean nothing without actual transactional activity
• Which back-office roles escape agent status, and why handling a single public trade for an investor destroys that exclusion
• The five exempt-security types that let an issuer representative escape registration, and why credit unions, insurance companies, nonprofits, and public utilities are deliberately left off that list
• The two federal covered security scenarios that exclude an issuer rep (qualified-purchaser sales and accredited private placements), and why exchange-listed stock still requires registration
• Why any commission, bonus, or remuneration tied to soliciting employee purchases kills the employee-sale exclusion instantly