A company or municipality offering (or having already offered) securities for sale to investors. Examples include corporations, investment trusts, and government entities. see also direct issuer, underwriter, quiet period.
The term ISSUER is broadly defined in Section 2(4) to include any PERSON who issues or plans to issue any SECURITY. With respect to EQUIPMENT TRUST CERTIFICATES, the term ISSUER means the person by whom the equipment or property is to be used. With respect to MINERAL INTERESTS, the term ISSUER means the owner of the mineral right who creates FRACTIONAL INTERESTS in the right for PUBLIC OFFERING. With respect to an AMERICAN DEPOSITARY RECEIPT (ADR), the term ISSUER means the issuer of the deposited shares that are represented by the ADRS. (Rule 15c-211(e)(4)).
An entity, such as a corporation, municipality or government, that has the power to issue and distribute securities.