Keep the focus
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http://www.finra.org/Industry/Compliance/Registration/QualificationsExams/RegisteredReps/Qualifications/p011103
However, they cannot engage in securities transactions for U.S. citizens, residents or nationals.
But you CAN outsource them.
[quote=meletio] I stand corrected. Only they are not for US citizens
In what capacity may a foreign finder act on behalf of a member firm?
Foreign finders are not considered as associated persons of a
member. The sole involvement of a foreign finder in the business of a
member firm is the initial referral of non-U.S. customers to the firm.
[/quote]
I will stand corrected with forever WET BLANKET. Mmmm mmmm! You can be my foreign finder any day. And be associated with my member, whether you are U.S. or non U.S.
Muwahahahaha...and NASD is now known as FINRA. I suggest you know what you are talking about before getting into an argument. Foreign Associates work for U.S. B/Ds in foreign offices. They can't interact with US Citizens or US Residents, only Non-US. They aren't licensed by FINRA. However, U.S. B/Ds can have Foreign members licensed with FINRA who do interact with US Citizens or Residents. And U.S B/Ds can have "Foreign Finders" who act as a solicitor for foreign business - who are only compensated by the B/D, but not employed or associated with them. So yes. Technically, you can "outsource" a licensed position. But of course the company would call it "in-sourcing" since that person is a member of the company, but working out of a foreign branch (off-shoring).wrong…no such thing
In case it wasn’t painfully obvious in the previous post, there are 3 levels of “foreign participation.”
Something tells me that whatever you want me to find, or do to you, won't be a foreign experience to you - but probably a foreign object.
I will stand corrected with forever WET BLANKET. Mmmm mmmm! You can be my foreign finder any day. And be associated with my member, whether you are U.S. or non U.S.
Read SEC - FR Doc E9 - 2020. Foreign associates may be registered in the United States and may operate as registered representatives for the United States. It was mainly so that Canadian and British registered individuals could operate, but it is all-encompassing.
http://www.finra.org/web/groups/industry/@ip/@reg/@notice/documents/notices/p003666.pdf
Level 1: Foreign Finder - not associated, not a member, acts to solicit non-US citizens and non-residents. Level 2: Foreign Associate - associated and registered with FINRA, can not interact with US Citizens and Residents. Level 3: Foreign Member - registered with FINRA, can interact with US Citizens and Residents.Not only can he/she predict market movements, he/she is also an expert on compliance.
What you posted is wrong, because I didn’t post it.
Just wait, markets crashing 2:07. You’ll be sorry.
Don’t worry, I took out another mortgage on my house, liquidated my children’s 529 plans, and sold my wife’s ring to load up on SH this morning!
WATCH THE ACATS STACK UP (I KNOW ABOUT THINGS LIKE ACATS EVEN THOUGH I HAVE NEVER BEEN A BROKER).