Broker-Dealer Compliance Part I: Status and Exemptions from Registration

This program is the first of four segments led by K. Susan Grafton, leader of Dechert LLP's Broker-Dealer, Securities and Trading Markets product line, exploring key regulatory issues applicable to broker-dealers.

Part I of the series will focus on the legal analysis of whether an entity or person is a "broker" or "dealer", and the implications of being a broker-dealer, including registration with the Securities and Exchange Commission. This segment will also cover the conditions of various exemptions from registration as a broker-dealer.

Learning Objectives:

1. Determine "broker" and "dealer" status
2. Examine the conditions of exemptions from registration with the SEC
3. Understand the implications of being a broker or dealer