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Someone who processes transactions by communicating orders towards the member’s clearing organization, which then calls or electronically communicates Along with the contra-aspect in the transaction, isn't involved with the execution of transactions for purposes of Rule 1032(f) and therefore is not really necessary to be Collection 55 registered.

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Registration prerequisites of a member for people answerable for actively supervising the employees of member broker/seller (under previous Schedule C, Section II, now the Rule 1020 Sequence).

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