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Finance: What is an Associated Person? 3 Views


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Description:

What is an Associated Person? An associated person is just an employee of a broker or a dealer that are involved in trading. These people must be certified depending on their jobs and follow SEC regulations; thus people like secretaries are often not included.

Language:
English Language

Transcript

00:00

Finance a la shmoop... what is an associated person oh it sounds so

00:07

devious maybe even evil associated person a crime scene like were they [Man with horns on his head in a street]

00:13

there when the murder happened or were they just hanging out at seedy billiards

00:18

club shoes optional....Picture a bright light

00:22

shining in your face and a dark voice asking are you now or have you ever been

00:26

associated with an associated person yeah not so much [Light shining on a man]

00:29

all right an associated person is just a principal in a FINRA covered firm... FINRA,

00:34

FINRA it stands for Financial Industry Regulatory Authority and the Associated

00:41

person is then legally "associated" with that firm and they have to [Man holding arms up to police]

00:47

follow that firms standards and practices ethical codes and style guides

00:52

in not using pink color font on their letterhead so who is that person

00:57

it's a partner, an officer, a director, or a branch manager or even anyone

01:01

performing duties similar to the above that is it's a broad all-encompassing

01:06

definition of associated so that if friends of or dotted line partners to

01:13

the firm do bad things well then the long arm of the law has the right to go [Police officers chase man with horns on head]

01:19

after them with teeth well the first type of whispery associated person would

01:24

have been a lot more compelling sorry

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