Series 63 Flashcards
1
Q
issuer definition
A
any person who issues or proposes to issue a secuirity
2
Q
equipment trusts
A
person to whom equipment is to be leased or sold
trustee holds title until loan is fully repaid like a bank
3
Q
issuer transaction
A
sells or redeems secuirities. issuer receives proceeds
4
Q
non issuer
A
person who is not defined as an issuer under the act- like a purchaser
5
Q
non issuer transaction
A
proceeds to go someone other than the issuer
6
Q
secondary transaction
A
non issuer transaction in secondary trading market
7
Q
institutional buyer
A
distinguished from general public.
Banks, savings and loans, trust ocmpanies, insurance companies, investment companies, pension and profit sharing plans, anyone else designated by state admin
