Under the Uniform Securities Act, the term agent would include an individual who:

Under the Uniform Securities Act, the term agent would include an individual who:



I. sells securities on behalf of a broker/dealer in an exempt transaction without receiving compensation.

II. sells securities on behalf of a broker/dealer in an exempt transaction and receives compensation.

III. sells securities on behalf of an issuer in an exempt transaction without receiving compensation.

IV. sells securities on behalf of an issuer in an exempt transaction and receives compensation.



A) I and III.

B) II and IV.

C) I and II.

D) I, II and IV.



Answer: I, II and IV.


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