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Associated Person is defined on the NFA web site:
http://www.nfa.futures.org . One needs to take the CFTC Series 3 Exam (and
pass) to be deemed an "Associated Person", which is a registered
commodity/futures broker, not to mention upholding all ethical standards of
our industry.
Management of Introducing Brokerage firms need to take additional exams such
as the CFTC Series 30 which allows for supervision over futures brokers and
firms.
All associated persons are members of the National Futures Association to
which we pay annual registration dues ($1200 per person) and are governed by
the CFTC (Commodity Federal Trade Commission) and the NFA to allow us the
right to solicit and advise retail and institutional speculators as well as
hedgers in the global futures and commodity markets.
Hope this helps,
Michael Herron
President
ViperTrading, LLC.
http://www.vipertrading.com
mike@xxxxxxxxxxxxxxxx
1-866-GO VIPER
----- Original Message -----
From: "p" <rhodes@xxxxxxxxxxxxxx>
To: <I4Lothian@xxxxxxx>; <omega-list@xxxxxxxxxx>
Sent: Tuesday, November 20, 2001 8:38 PM
Subject: Re: To: Introducing Brokers
>
> I have seen the term "associated person" before.
>
> What does it mean.
> How does one become an associated person.
> What tests envolved.
> What can and do they do.
> And any other info about them. Maybe a web site that explains about an
> associated person?
>
> If I was an associate person. I would sign the petition.
>
> Good luck John.
>
>
> At 08:11 PM 11/20/01 EST, I4Lothian@xxxxxxx wrote:
> >Mark:
> >
> >Thanks for the help. It would be interesting for the Omega List to have
a
> >member of the list on the NFA Board. I hope to make that happen, but I
need
> >some help.
> >
> >Just to clarify. I need the signatures of 50 IB firms on petitions to
get
> my
> >name on the NFA election ballot as a candidate for the NFA Guaranteed
> >Introducing Broker Director position. Any Associated Person of an IB
firm
> >can sign a petition, but one firm can only nominate one person by
petition.
> >It does not matter if an Introducing Broker is a Guaranteed Introducing
> >Broker or an Independent Introducing Broker, either can sign a petition
for
> >me.
> >
> >Regards,
> >
> >John J. Lothian
> >
> >Disclosure: Futures trading involves financial risk, lots of it!
> >
> >
> >In a message dated 11/20/01 3:59:10 PM Central Standard Time,
> >
> >markbrown@xxxxxxxxxxxxx writes:
> >
> ><<
> > Hello OmegaList,
> >
> > http://www.markbrown.com/john/
> >
> > Help to Nominate John Lothian to the National Futures Association
> > Board of Directors as the representative of Guaranteed Introducing
> > Brokers. >>
> >
> >
> >
>
>
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