90.220  “Broker-dealer” defined.  “Broker-dealer” means any person engaged in the business of effecting transactions in securities for the account of others or for the person’s own account. “Broker-dealer” does not include:

1.  A sales representative;

2.  An issuer, except when effecting transactions other than with respect to its own securities;

3.  A depository institution; or

4.  Any other person the Administrator by regulation or order designates.

(Added to NRS by 1987, 2149; A 1989, 160)