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Purchase entry personnel are certainly not required to sign up underneath Sequence 55 as equity traders centered solely on The truth that they enter orders into routing units, which send the orders to clearing firms for execution. Also, not all individuals to whom fairness traders report need to be Collection fifty five registered.

Exterior directors of broker/sellers ought to sign up as principals if they need to engage in the working day-to-working day carry out of customers' securities enterprises and also the implementation of corporate insurance policies linked to such organizations.

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