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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.

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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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