Series 63: Agent—Definition

Agent—Definition

For the sake of being thorough, you should know how the Uniform Securities Act defines an agent, word-for-word. While it’s highly unlikely that you’ll be quizzed on the exact definition, an understanding of it will underlie numerous questions on the exam.

An agent is:

any individual other than a broker-dealer who represents a broker-dealer or issuer in effecting or attempting to effect purchases or sales