Suggested Notecards

What is the basic definition of a broker?

What is the basic definition of a dealer?

What does “effect transactions” mean?

Who is excepted from the definition of a broker-dealer?

What is an “agent” of a broker-dealer?

What is the basic definition of an “issuer?”

What are the six general categories of institutional investors?

How does a customer’s state of residence affect the need to register as a broker-dealer?

What are the rules regarding customers for a broker-dealer to avoid state