Associated Person

Associated Person

1. On a futures exchange, any person affiliated with an investment advisory firm, brokerage or futures commission merchant. An associated person must be registered with the CFTC and must abide by the regulations of the exchange on which he/she works.

2. A person affiliated with a company traded on NASDAQ.
References in periodicals archive ?
For purposes of the 30-day rule, activities carried on by an associated person will be regarded as being carried on by the other person if they are substantially the same as those carried on by the first person (unless they are conducting activities simultaneously).
An associated person shall: 'Have a reasonable basis to believe that a recommended transaction or investment strategy involving a security or securities is suitable for the customer, based on the information obtained through the reasonable diligence of the member or associated person to ascertain the customer's investment profile,'" according to Cohen, quoting from the rule.
An NASD member firm should also consider developing a tracking report similar to that suggested in NTM 00-44 with respect to policy replacements for life settlement transactions where the NASD member firm or associated person was involved in both the original policy sale and its life settlement.
The rule proposal addressing expungement of brokers' black marks states that "firms and associated persons would be prohibited from conditioning settlements of customer disputes on, or otherwise compensating customers for, an agreement not to oppose a request to expunge information from an associated person's Central Registration Depository (CRD) record.
In this example, the leader developer is the associated person primarily responsible for the development of the algorithmic trading strategy and for supervising or directing the team of developers.
The suitability rule requires a firm or associated person to "have a reasonable basis to believe that a recommended transaction or investment strategy involving a security or securities is suitable for the customer, based on the information obtained through the reasonable diligence of the member or associated person to ascertain the customer's investment profile.
Financial browser ?
Full browser ?