Under the Uniform Securities Act, which of the following individuals is generally included in the definition of an 'agent' of a broker-dealer?

Under the Uniform Securities Act, which of

Multiple choice — select the best answer

AA corporation that buys and sells securities for its own account
BAn officer of an issuer who sells securities exclusively to institutional investors
CA clerical employee who processes trade confirmations but never solicits orders
DA natural person who represents a broker-dealer in effecting securities transactions

✓ Correct answer: D. A natural person who represents a broker-dealer in effecting securities transactions Under the USA, an 'agent' is defined as a natural person who represents a broker-dealer or issuer in effecting or attempting to effect purchases or sales of securities; clerical staff and corporate entities are expressly excluded from this definition.

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Topic: Uniform Securities Agent State Law

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Under the Uniform Securities Act, which of the following individuals is generally included in the definition of an 'agent' of a broker-dealer?

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