Definition & Registrations of Persons. Series 63 Exam, Series 65 Exam & Series 66 Exam

Ninety More Testable Minutes on the Uniform Securities Act    • Series 66 Exam, Series 65 Exam & Seri...  
Time stamps:
00:00 Greetings and salutations
3:00 Introduction to NASAA and the USA
4:00 USA is a template
5:00 Person is any legal entity
5:15 Definition of a broker/dealer
7:00 Broker/dealers are NOT individuals
8:00 Capacity of a broker/dealer
9:00 Agent Broker Commission (ABC)
10:00 Registration of a broker/dealer
11:00 Broker/dealers have NO de minimus
14:00 Registration of agents of the broker/dealer
18:00 Futures are NOT defined as securities under the USA
25:00 Registration of the Investment Advisor
26:00 Three pronged test of the definition an Investment Advisor
27:00 Difference between B/D and Investment Advisor
30:00 Investment Advisor is a Fiduciary
33:00 NSMIA established federally covered Investment Advisor
35:00 Notice filing
36:00 No one and nothing are exempt from Antifraud provisions of the USA
37:00 AUM of $110 million or more federally covered
38:00 Registration of federally covered Investment Advisor
41:00 State registered Investment Advisor
42:00 De minimus no more than 5 clients
43:00 Registration of an Investment Advisor Representative
44:00 IAR of a federally covered IA
45:00 Only if office in state
46:00 State IAR mirrors state IA