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A one who processes company transactions by communicating all orders to another firm, which then phone calls or electronically communicates Along with the contra-aspect of your transaction, is not really linked to the execution of transactions for functions of Rule 1032(f) and thus just isn't needed to be Sequence fifty five registered.
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The minimal supervisory functions that may be adequately delegated to registered Reps also may very well be assigned to people registered as International Associates under NASD Rule 1100. Foreign Associates, having said that, may not execute the features that demand a principal registration.
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