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Would individuals who prepare research for a member firm as consultants be subject to the requirements of NASD Rule 1050?

April 26, 2017Consultants firm individuals NASD prepare requirements Research rule Subject

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Would individuals who prepare research for a member firm as consultants be subject to the requirements of NASD Rule 1050?

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If the consultant is an “associated person” under FINRA rules and his or her activities fall under the definition of “research analyst” pursuant to Rule 1050, the consultant would have to register as a research analyst.