...jurisdiction of the Securities and Exchange Commission (SEC). Under the act, a "dealer" is anyone engaged in "the business of buying and selling securities for his own account, through a broker or otherwise, but does not include a bank, or any person insofar as he buys or sells...

...the 1934 Act illustrates that the primary purpose test was simply assumed : "The term 'dealer' means any person engaged in the business of buying and selling securities for his own account . . . but does not include a bank, or any person insofar as he buys or sells securities for his own...

...Exchange Act of 1934, 15 USC 78c(a) (5), is amended to read as follows : "(5) The term 'dealer' means any person engaged in the business of buying and selling securities for his own account, through a broker or otherwise, but does not include : (A) Any person insofar as he buys or sells securities...

...withdrawn, whether or not sentence has been imposed. (7) "Dealer" means any person regularly engaged in the business of buying and selling securities for his own account, through a broker or otherwise, but does not include a bank, insurance company, or investment company,...

...transactions in securities for the amount of others, but does not include a bank. (5) The term "dealer" means any person engaged in the business of buying and selling securities for his own account, through a broker or otherwise, but does not include a bank, or any person insofar as he buys or sells...

...business of effectuating transactions in securities for the accounts of others) or as a "dealer" (ie, as a person engaged in the business of buying and selling securities for his own account) unless he is registered with the SEC. Registration is a cumbersome process involving detailed disclosure...

...business of effecting transactions in securities for the account of others, and defines dealer to be any person engaged in the business of buying and selling securities for his own account, through a broker or otherwise. It is apparent that anyone whose business is selling condominium securities...

...engaged in the business of effecting transactions in securities for the account of others or engaged in the business of buying and selling securities for his own account as part of his regular business in which he has held himself out as being open to taking orders from...

...transactions in securities for the account of others, but does not include a bank. (5) The term "dealer" means any person engaged in the business of buying and selling securities for his own account, through a broker or otherwise, but does not include a bank, or any person insofar as he buys or sells...

...persons "who introduce or advise the purchaser." 20/ The 1934 Act also defines the term "dealer" to mean "any person engaged in the business of buying and selling securities for his own account. . ." subject to limited exceptions. 15 USC Sec. 78c(aX5). It appears that persons engaged in the sale...