Page 5 - To Register or Not to Register: A Definitive Guide to Understanding the Broker Registration Requirement
P. 5
Under SEC guidance, a person may need to register as a broker if they do any of the following:
• Act as investment advisors and financial consultants.
• Act as “finders” of investors on behalf of issuers or broker dealers.
• Operate or control electronic or other platforms to trade securities.
• Market real-estate investment interests that are securities, such as tenancy-in-common interests.
• Act as “placement agents” for private placements of securities.
• Efect securities transactions for the account of others for a fee, even when those other people are friends or family members.
• Provide support services to registered broker-dealers.
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