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LSDefine

Simple English definitions for legal terms

associated person

Read a random definition: employment discrimination

A quick definition of associated person:

An associated person is someone who works for a company that sells stocks and bonds. This can include managers, directors, and employees who have important jobs. However, some people who work for the company, like secretaries or janitors, are not considered associated persons. Also, people who work for a company that sells stocks and bonds but are only involved in making paperwork or are connected to the company that is selling the stocks and bonds are not considered associated persons.

A more thorough explanation:

An associated person is someone who works for a broker or dealer in the securities industry. This can include partners, officers, directors, branch managers, and other employees who perform similar functions or have a similar status. It can also include anyone who controls or is controlled by the broker or dealer, or who is under common control with them.

There are two exceptions to this definition. First, people whose jobs are only clerical or ministerial are not considered associated persons. Second, people who are required to register under state law as a broker or dealer solely because they are issuers of securities or associated with an issuer of securities are not considered associated persons.

For example, a branch manager at a brokerage firm would be considered an associated person. So would a director of a company that controls a broker-dealer. However, a receptionist who only answers phones and greets visitors would not be considered an associated person.

associate attorney | associate judge

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General

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medicine is a scam
join the ethically ambiguous legal field instead
Dkk
18:57
I want to meet an attorney that defends clients who run into flat earth problems. I want an attorney that knows and believes in flat earth theory.
19:05
i want a flat earther for president. i want a guy who posts on 4chan for president. i want someone who mogs for president.
Dkk
19:18
Exactly. My version of that awful poem.
Dkk
19:19
I can accept a president with maybe one or two of the poems traits hut good God, all of them??? No ty.
windyMagician
19:20
president who respects sex is crazy
windyMagician
19:20
we had bill clinton already
Dkk
19:21
Bill Clinton, first and last black president
windyMagician
19:23
I want to go running but my leg feels weird
windyMagician
19:23
it doesn't hurt its just tingly
Dkk
19:26
It needs more alcohol. You tingle when your nerves need watering.
19:27
try stretching it maybe to see what's up
windyMagician
19:27
stretches make me think it's just soreness
windyMagician
19:27
I'm sober lol
Dkk
19:38
Anyone else get the google notification that your LSD password has been compromised lol. LSD got hacked.
20:48
what.jpg @Dkk
CynicalOops
21:03
You think you just fell out of a coconut tree?
jackfrost11770
21:10
nope dk
CynicalOops
22:37
Calvinamala Harris
jackfrost11770
23:16
should i start using letterboxed again
Dkk
23:25
@jackfrost11770: if you want but like it aint for me
dk do u ever eat at bk
Dkk
23:48
@chickenburgahfart: I would do that in the Army if really desperate for food or if I had to work through lunch. One of the few fast food places I go to.
bk so slept on
Dkk
0:23
I will take In N Out everyday over it when I can though.
texaslawhopefully
1:22
In N Out is not only the best fast food place, but the prices too are fantastic
Dkk
1:27
Indeed, indeed.
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