In this video, Gene Trowbridge Esq. CCIM explains why you should never act as an unregistered broker-dealer.
Acting as an unregistered broker-dealer is a violation of rules promulgated under the 1934 Exchange Act. Not only may you face lawsuits from investors, you may also suffer severe penalties from the SEC, including losing the ability to deal in securities ever again. Don’t risk it!
Watch the video to learn what activities are considered violations under the ’34 act, what penalties you may face for such violations, and how to sell securities without running afoul of the law.
