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A individual who procedures company transactions by communicating all orders to another company, which then calls or electronically communicates Along with the contra-aspect in the transaction, is not really involved with the execution of transactions for functions of Rule 1032(file) and so is just not necessary to be Series 55 registered.
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Even so, a member may well not pay out the inactive registered consultant commissions on securities income that take place through the interval the registered consultant is inactive.
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