Series 24: 1.2.2.5. Foreign Broker-Dealer Registration

1.2.2.5.  Foreign Broker-Dealer Registration

All broker-dealers operating in the United States must register with the SEC, even if they conduct their business exclusively with investors outside of the United States. Foreign broker-dealers operating outside the U.S. must also register with the SEC if they conduct business with any person inside the United States.

Foreign broker-dealers are exempt from federal registration if they participate only in a handful of spec