SEC and licensing requirements

[Dave Lamattina]

I am looking to take on a placement agent to work on PPM's and investor relations for my established real estate company. Anyone familiar with series 7 licensing requirements? It is my understanding that if someone were acting as "agent" on behalf of the issuer seeking outside capital and is being compensated solely on those efforts, than they are required to hold a series 7 license. The agent however is not required to hold license if it can be shown that that agent performs several other duties for the company in which he is compensated. Any thoughts would be greatly appreciated.

[Bryan Hancock]

Have you tried looking at RIAs Dave? They can place money with you, but you will need to demonstrate a nice track record for them to be comfortable with doing so.