Registered Principal

Registered Principal
A licensed securities dealer who is also empowered to oversee operational, compliance, trading and sales operations and the personnel who staff them. Registered principals must have all the basic securities licenses required for the operation they oversee plus an additional principal license.

Th Financial Industry Regulatory Authority (FINRA), the New York Stock Exchange, the Securities and Exchange Commission (SEC), and other regulatory agencies require that certain activities be approved by a registered principal of a securities firm. Sales and advertising literature must be approved by a principal prior to use, for example.

Individual firms often supplement the approval procedures with higher levels of supervisory responsibility. One of the most well-known types of registered principals includes registered options principals (Series 4 required).


Investment dictionary. . 2012.

Игры ⚽ Поможем написать курсовую

Look at other dictionaries:

  • registered bond — A bond entered on the books of the issuing corporation or of its transfer agent in the name of the purchaser, whose name also appears on the face of the bonds. Either principal alone or both principal and interest may be registered. A bond the… …   Black's law dictionary

  • Registered Education Savings Plan — A Registered Education Savings Plan, or RESP, is a savings account used by parents to save for their children s post secondary education in Canada. The principal advantages of RESPs are the access to the Canada Education Savings Grant (CESG) and… …   Wikipedia

  • Principal Register — In United States trademark law, the Principal Register is the primary register of trademarks maintained by the United States Patent and Trademark Office. It is governed by Subchapter I of the Lanham Act.Having a mark registered under the… …   Wikipedia

  • Registered Bond — A bond whose owner is registered with the bond s issuer. The owner s name and contact information is recorded and kept on file with the company, allowing it to pay the bond s coupon payment to the appropriate person. If the bond is in physical… …   Investment dictionary

  • Principal only (PO) — A mortgage backed security in which the holder receives only principal cash flows on the underlying mortgage pool. The principal only portion of a stripped MBS. For PO securities, all of the principal distribution due from the underlying… …   Financial and business terms

  • principal only — ( PO) A mortgage backed security ( mortgage backed securities)( MBS) whose holder receives only principal cash flows on the underlying mortgage pool. All the principal distribution due from the underlying …   Financial and business terms

  • Registered Options Principal - ROP — An employee at a brokerage firm that is responsible for supervising options exposure and the trading activities on options within client accounts. The ROP acts between the client making the order and the exchange member who executes the order. In …   Investment dictionary

  • General Securities Principal Exam — The General Securities Principal Exam, commonly referred to as the Series 24 Exam, is administered by the Financial Industry Regulatory Authority (FINRA) which qualifies a registered individual to supervise or manage branch activities such as… …   Wikipedia

  • Association of Registered Gas Installers — The Association of Registered Gas Installers (ARGI) is a free web based association. Registration (membership) is open to gas installers who are already registered with CORGI (Council for Registered Gas Installers). ARGI was formed in 2004 to… …   Wikipedia

  • Separate Trading of Registered Interest and Principal Securities — ( STRIPS ) long term notes and bonds divided into principal and interest paying components, which may be transferred and sold in amounts as small as $1000. STRIPS are sold at auction at a minimum par amount, varying for each issue. The amount is… …   Financial and business terms

Share the article and excerpts

Direct link
Do a right-click on the link above
and select “Copy Link”