Joseph McKenna

“ The term 'dealer,' it is provided, shall not include an owner nor issuer of securities when the sale of them is not made in the course of continued and successive transactions of a similar nature, nor one who, in a trust capacity created by law, lawfully sells securities 'impressed with such trust.' A 'dealer' is required to furnish practically the same information as that required of corporations. ”

“ All authorized agents of a 'dealer' or investment company shall be registered with the Commission, and if the 'dealer' be a nonresident or a corporation other than a domestic corporation, he shall, at the time he registers with the Commission, file with it a written, duly authenticated appointment of the public examiner of the state as his or its agent in the state upon whom process or pleadings may be served for or on behalf of the 'dealer,' which appointment shall be irrevocable. ”

“ The person who is authorized to sell the securities designated in the act is termed a 'dealer' in them, and he shall not sell or offer them for sale until he shall have filed a list of the same in the office of the Commission. ”