Associated Person

  

It sounds so devious. Picture a bright light shining in your face and a dark voice asking, "Are you now or have you ever been associated with an associated person?" The reality is far less ominous.

An "associated person" is just a principal of a FINRA-covered firm. They are "associated" with it and have to follow the firm's standards in their behavior (and in their golf game). If the firm has a softball team, they're probably part of it. Yawn.

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Finance: What is FINRA?5 Views

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finance a la shmoop what is FINRA? Financial Industry Regulatory Authority

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once again for those in the back that's Financial Industry Regulatory

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Authority FINRA it's kind of a yoga mantra thing because firms get FINRA'd [Woman meditating with yoga]

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every day well FINRA is the private agency that

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regulates exchanges and brokerage firms that are members they administer tests

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and actually create them you know like these the series exams which we just [Series exams appear]

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happen to have shmoop if you've got 70 to 80 spare hours and want to give them

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a looksie... think about all the bad PR that sleazy financial wheeler-dealers [Financial dealers discussing matters]

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got back in the 1930s before the various acts were enacted you know the 33 34 40

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nobody was gonna trust "Wall Street people" unless there was a kind

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of Good Housekeeping Seal of fair-and-square dealers who made sure

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that the various laws and compliance things were actually upheld..Note,

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importantly that it isn't the job of FINRA or well any government body to

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recommend buying selling or holding any particular security because you're gonna

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make money it's only their job to be sure that the letter of the law is [Letter of law appears]

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followed and that that letter is presented in a way so that everyone has

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fair access to relevant and similar information it's all about making a fair

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and square level playing field for all without that well Manhattan would look a

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lot more like Mogadishu than Manhattan [Manhattan skyline appears]

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