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Simple English definitions for legal terms

associated person

Read a random definition: change-of-ownership clause

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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THATS SO FUNNY
i cant i would go crazy
JumpySubsequentDolphin
20:50
i need to know who decided to do that.
JumpySubsequentDolphin
20:50
omg im on a plane weeeee
the devil
youre on a plane??? LSD made the mile high club??
20:50
yo splitterus are you in school already
20:50
it says ur c/o 2027
JumpySubsequentDolphin
20:51
@SplitterusClitterus: HAHAH yes
ur user is hilarioussss and no i just graduated this may and am now applying ---also im out of messages so ill take a lil
20:52
roger dat. see u in heck
im back, r u applying this cycle too
JumpySubsequentDolphin
21:32
this child fell asleep on me
JumpySubsequentDolphin
21:32
im so uncomfortable
just push him off the entire seat
JumpySubsequentDolphin
21:34
LMAOOOO
JumpySubsequentDolphin
21:35
no he’s literally like 8 and he fully just put his head on my bicep and slept
JumpySubsequentDolphin
21:35
he has since moved
22:12
@SplitterusClitterus: me yesterday
gulc baby pls text me back... i miss you ...... :(
22:23
i just went into a discord vc and yelled "YALL I JUST GOT INTO J.M. SCHOOL OF LAW"
22:24
people were getting excited :sob:
22:25
then someone was like "what does jm stand for" and i was like .. well
AHHAHAHAHAHAHHAHAHAHAHAHAH
@JumpySubsequentDolphin: wait this is so cute, also where r u going
JOE MBIDEN
JumpySubsequentDolphin
22:39
@splitty Oregon!
oh yay for what thats so random
JumpySubsequentDolphin
22:45
haha my brother and sister in law live there
so cutie oregon is beatiful
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