We represent a limited partnership issuer. Can I file my standard cover letter stating that officers and directors of the issuer are selling on an uncompensated basis?
If you opt to address the agent of issuer question in your cover letter, be sure to tailor your cover letter to the type of issuer involved. Aren’t you really referring to the general partner? If the general partner is an entity, what individuals will act on the general partner’s behalf in selling the securities? We represent a Connecticut-based issuer. The principals of the issuer will be responsible for Connecticut sales on an uncompensated basis. However, for New York sales, we plan to have one of our Stamford, Connecticut employees and a “finder”/consultant based in Bridgeport, Connecticut contact prospective investors. Should those individuals be registered as agents of issuer? Yes. Neither the employee nor the finder/consultant qualifies for the definitional exclusion, and each is transacting business from Connecticut. In my standard cover letter, I stated that Connecticut sales would be effected through X, president of the issuer. I also stated that X is not in the business of e
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