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Definition of 'Nonissuer Transaction'
A tranasction not directly or indirectly executed for the benefit of the issuer. Nonissuer transactions refer to any disposition of a security that does not confer a benefit to the issuer (company).
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Investopedia explains 'Nonissuer Transaction'
Isolated nonissuer transactions are exempt from registration requirements of the SEC. For instance, if Joe sells a hundred of XYZ to his brother, this nonissuer transaction is exempt from registration requirements.
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Search results for 'Nonissuer Transaction'
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http://www.investopedia.com/exam-guide/series-63/foundation/usa-uniform-securities-act-part-5.asp
Investopedia's Series 63 online Study Guide. In this section detailed definitions of issuer, nonissuer transaction, offer to purchase, security and person. ...
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http://www.investopedia.com/exam-guide/series-63/securities/other-definitions.asp
... begun the process that will result in the sale of securities to the public, it is by law, already considered an "issuer." Nonissuer Transaction According to ...
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