* Site-Outage Notice: Our engineering elves will be tweaking the Shmoop site from Monday, December 22 10:00 PM PST to Tuesday, December 23 5:00 AM PST. The site will be unavailable during this time.
Dismiss
© 2014 Shmoop University, Inc. All rights reserved.

Finance Glossary

Just call us Bond. Amortized bond.

Over 700 finance terms, Shmooped to perfection.

Soliciting Orders For Unregistered, Non-Exempt Securities

Definition:

This is an important point, so make sure you understand it. While sales reps can accept unsolicited orders for registered non-exempt securities [see Unsolicited Order], and they can solicit orders for registered non-exempt securities or unregistered exempt securities, they cannot solicit orders for unregistered non-exempt securities. Got that? Soliciting orders for unregistered, non-exempt securities is a no-no.

Advertisement