- 1. "Broker" means an agent of a buyer or a seller who buys or sells stocks, bonds, commodities, or services, usually on a commission basis.
- 2. "Commodity" means staples such as wool, cotton, etc. that are traded on a commodity exchange and on which there is trading in futures.
- 3. "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 account, either individually or in some fiduciary capacity, but not as part of a regular business.
- 4. "Security" shall have the same meaning as in the Securities Act (§ 13.1-501 et seq. of the Code of Virginia) or in similar laws of the United States regulating the sale of securities.
Any person rendering a service for compensation in the form of a credit agency, an investment company, a broker or dealer in securities and commodities, or a security or commodity exchange is providing a financial service, unless such service is specifically provided for under another section of the BPOL Regulations (23VAC10-500-10 et seq.). For purposes of this classification, the term:
Statutory Authority
§ 58.1-3701 of the Code of Virginia.
Historical Notes
Derived from Virginia Register Volume 24, Issue 23, eff. October 6, 2008.