### Question
Can you define what person acting on behalf of an issuer means?


### Answer
**Person acting on behalf of an issuer** is defined as the following in *15 U.S.C. § 77z*:

> an officer, director, or employee of the issuer

#### Citation:
  - *15 U.S.C. § 77z*
  - Heading: **CHAPTER 2A-SECURITIES AND TRUST INDENTURES > SUBCHAPTER I-DOMESTIC SECURITIES**

