Finance: What is an Associated Person?

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

00:26

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