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Needs of member firms to establish a agenda for and conduct inspections of Offices of Supervisory Jurisdiction and department offices.
Purchase entry staff are not needed to register underneath Series fifty five as fairness traders centered solely on The point that they enter orders into routing programs, which deliver the orders to clearing firms for execution. Also, not all people to whom fairness traders report need to be Series fifty five registered.
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A registered consultant will have to register as an equity trader and pass the Sequence fifty five qualification exam prior to buying and selling distressed convertible personal debt securities (in addition to over a securities exchange).
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The payment of the wage to the profits assistant by a registered particular person just isn't prohibited by NASD regulations, nor would it have to have the registered individual to sign-up for a normal profits supervisor below Rule 1022(g).
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