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Person Associated With a Government Securities Broker
Understanding the Role of a Person Associated With a Government Securities Broker
Definition & Meaning
The term "person associated with a government securities broker" refers to individuals who hold specific roles within a government securities broker or dealer. This includes partners, officers, directors, and branch managers. It also encompasses other employees involved in managing, directing, supervising, or performing activities related to government securities. Additionally, it includes individuals who have control over or are controlled by the broker or dealer.
Table of content
Legal Use & context
This term is primarily used in the context of financial regulations and securities law. It is relevant in various legal areas, including finance and corporate governance. Understanding who qualifies as a "person associated" is crucial for compliance with regulations governing securities transactions. Users can manage related forms and procedures using templates provided by US Legal Forms, ensuring they meet legal requirements effectively.
Key legal elements
Real-world examples
Here are a couple of examples of abatement:
Example 1: A branch manager at a government securities broker who oversees trading activities is considered a person associated with that broker.
Example 2: An employee responsible for compliance and regulatory reporting at a government securities dealer also qualifies under this definition.
Relevant laws & statutes
The definition is rooted in the Securities Exchange Act of 1934, specifically under 15 USCS § 78c. This statute outlines the roles and responsibilities associated with government securities brokers and dealers.
Comparison with related terms
Term
Definition
Government Securities Broker
A firm or individual that buys and sells government securities on behalf of clients.
Government Securities Dealer
A firm or individual that trades government securities for their own account.
Registered Representative
An individual who is licensed to buy and sell securities on behalf of clients but may not have control over the broker or dealer.
Common misunderstandings
What to do if this term applies to you
If you believe you are a person associated with a government securities broker or dealer, ensure you understand your responsibilities and compliance obligations. Consider using US Legal Forms to access legal templates that can help you navigate related documentation. If your situation is complex, consulting a legal professional is advisable.
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