Definition of "Issuer"
Chapters in this video
What this video covers
- The general Uniform Securities Act (USA) definition of an issuer as any person who issues or proposes to issue any security
- Why certificates of deposit for a security, voting-trust certificates, collateral-trust certificates, and certain investment trusts name the depositor or manager as the issuer instead of the trust itself
- Why oil, gas, and mining titles or leases have no issuer and therefore cannot use registration by filing or notification
- How to distinguish issuer transactions from non-issuer transactions using the "follow the money" test, and why non-issuer transactions qualify for different exemptions
- Why all outstanding securities of the same class as a registered security are considered registered for non-issuer transactions while the registration is effective
- How to match issuer, broker-dealer, agent, and dealer to their correct responsibilities in capital-raise scenarios
- Why an agent is always a natural person and never a firm or entity
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