(815 ILCS 5/2.9)
(from Ch. 121 1/2, par. 137.2-9)
"Salesperson" means an individual, other than an issuer or a
dealer, employed or appointed or authorized by a dealer, issuer or
controlling person to offer, purchase or sell securities in this State.
The partners or officers of a dealer or issuer shall not be deemed to be
salespersons within the meaning of this definition if they are not or have
not been regularly engaged in securities offering, purchasing or selling
activities other than transactions for their own respective accounts. No
individual shall be deemed to be a salesperson solely by reason of
effecting transactions in a covered security to qualified purchasers as
described in Section 18(b)(3) of the Federal 1933 Act,
effecting transactions in a covered security as described in Section
18(b)(4)(D) of the Federal 1933 Act, or engaging in
offers or effecting sales of
securities to employees of the issuer of such securities or to employees of
the parent or any majority owned subsidiary of such issuer,
such individual is an employee of such issuer, parent or subsidiary who has
not been employed primarily to make such offers or sales and who receives
no special compensation, directly or indirectly, for or on account of any
such offer or sale.
"Salesperson" also means a limited Canadian salesperson.
"Salesperson" also means an individual who, in this State, communicates
with members of the public to identify prospective customers for the
purpose of soliciting the purchase or sale of securities or related services.
(Source: P.A. 90-70, eff. 7-8-97; 90-667, eff. 7-30-98; 91-809, eff.