24. No one shall:
(a) trade in any security unless he is registered as a broker or security issuer or as salesman for a broker or security issuer registered as such;
(b) act as an employee, officer or agent of a person or company in connection with trading in any security by such person or company, unless he himself or such person or company is registered as a broker or as a security issuer;
(c) act as investment counsel without being registered as such;
(d) act as salesman for a person or company, in connection with trading in any security by such person or company, unless he is registered as a salesman for a duly registered broker or security issuer.
Registration as a security issuer shall not give the holder thereof the right to do any of the things mentioned in paragraphs 3, 4 and 12 of section 1 or in section 22, with respect to securities other than those which such holder itself has issued.
Every person or company doing any of the things mentioned in this section without the required registration or when such registration is suspended commits an offence.
The Government may, by regulation, withdraw from the application of this section certain sales or transactions designated by it.
R. S. 1964, c. 274, s. 16; 1971, c. 77, s. 11.