Who is not considered an associated person?
Who is not considered an associated person?
In futures trading, the term “associated person” refers to particular people within the employ of a broker or dealer that perform the role of sales or supervision of sales. Clerical and administrative employees are not included.
What is a non registered person?
non-registered individual means, for a registered firm or for a person or company that is applying for registration, an individual who is not registered to trade or advise on behalf of the firm and who.
Who is considered an associated person?
The term “Associated Person” means: (1) a natural person registered under FINRA rules; or (2) a sole proprietor, or any partner, officer, director, branch manager of the Applicant, or any person occupying a similar status or performing similar functions; (3) any company, government or political subdivision or agency or …
What can a non registered representative do?
According to the relevant FINRA notice on this topic, these are the specific actions an unregistered person may perform: Set meetings with registered representatives. Extend invitations to events where securities will be discussed. Ask prospective clients* if they want to speak to a registered representative.
What is a swaps associated person?
APs are natural persons who are associated with an SD, MSP or other CFTC registrant as a partner, officer, employee or agent (or any natural person with a similar status or function) in a capacity that involves either: The solicitation or acceptance of swaps (other than in a clerical or ministerial capacity).
Is a distributor an associated person?
A distributor does not fall within the definition of “associated person”, since the distributor does not (as such) supply services to the supplier under the distribution agreement. In other words, a distributor performs services for itself, not the manufacturer.
What activities require finra registration?
These rules, among other things: (1) require the registration of individuals as representatives or principals; (2) allow for the permissive registration of associated persons of firms; (3) establish a waiver program for individuals working for a financial services industry affiliate of a member firm; (4) require firms …
What is an 8210 letter?
If you receive a Rule 8210 letter, it simply means that FINRA is requesting documents, information, or testimony from you regarding an investigation of a broker-dealer or a person registered or associated with a broker-dealer. It is important to note that you may or may not be the subject of the examination.
What is a non registered fingerprint person?
Anyone who has regular access to firm systems, including the general ledger/accounting system must be fingerprinted. Firms can submit fingerprints without registering an individual by completing Form NRF (Non-Registered Fingerprint) in the FINRA Gateway under “Forms & Filings.”
What is a 407 letter?
Definition: The Rule 407 letter is a conduct regulation pertaining to how and when a member of the Financial Industry Regulatory Authority (FINRA) is allowed to hold investments in a personal account.
What activities require FINRA registration?
Who needs to register with Iiroc?
In order to apply to IIROC, an individual must be sponsored by an IIROC-regulated Dealer Member. Dealer Members are encouraged to conduct due diligence on applicants, including by requesting a copy of their registration file from IIROC.
