Page 9 - To Register or Not to Register: A Definitive Guide to Understanding the Broker Registration Requirement
P. 9
4 THINGS TO KEEP IN MIND
1
Receipt of transaction-based compensation isn’t the only factor giving rise to the registration requirement—your role in the ofering matters.
2
Unless the specific requirements of the issuer exemption safe harbor are met, the registration requirement under Section 15(a) applies to individuals and intermediaries that (a) solicit investment in private oferings, including issuers; and (b) “efect” securities transactions.
3
Entering into a contract to perform certain types of ofering services doesn’t make your provision of those services or payment for those services legal according to the SEC.
4
The SEC is keenly monitoring activity of unregistered individuals and entities.
// 7
