N.Y. Comp. Codes R. & Regs. tit. 13 § 10.10

Current through Register Vol. 46, No. 41, October 9, 2024

Section 10.10 - Definitions

(a) Definitions;

(1) A "broker-dealer" is a person or entity that acts as either a broker or a dealer, or both.

(2) "Federal Covered Investment Company Securities" are any security or securities that meet the definition of covered securities, or that will meet such definition upon completion of the transaction, under Section 18 (b)(2) of the Securities Act of 1933 ( 15 USC 77r(b)(2) ).

(3) A "Federal Covered Investment Company Dealer" is any person, firm, association, or corporation satisfying the definition of dealer under GBL 359-e (1)(a) that offers for sale or sells Federal Covered Investment Company Securities.

(4) "Federal Regulation D Covered Securities" are any security or securities that meet the definition of covered securities, or that will meet such definition upon completion of the transaction, under Sections 18(b)(4)(F) of the Securities Act of 1933 ( 15 USC 77r(b)(4)(F) ).

(5) A "Federal Regulation D Covered Securities Dealer" is any person, firm, association, or corporation satisfying the definition of dealer under GBL § 359-e (1)(a) that offers or sells Federal Regulation D Covered Securities.

(6) "Federal Tier 2 Securities" are any security or securities that meet the definition of covered securities, or that will meet such definition upon completion of the transaction, under Section 18(b)(3) or (b)(4)(D)(ii) of the Securities Act of 1933 ( 15 USC 77r(b)(3) or (b)(4)(D)(ii) ).

(7) A "Federal Tier 2 Dealer" is any person, firm, association, or corporation satisfying the definition of dealer under GBL § 359-e (1)(a) that offers or sells Federal Tier 2 Securities.

(8) A "Salesperson" has the same definition as "salesman" under GBL § 359-e (1)(c).

N.Y. Comp. Codes R. & Regs. Tit. 13 § 10.10

Adopted New York State Register December 2, 2020/Volume XLII, Issue 48, eff. 12/2/2020