|
|
Registered representative |
|
|
|
 Home Site Map Add Term Search About Us Contributors |
Registered RepresentativeAlso known as account executive, customers' broker, or similar title. Describes full-time New York Stock Exchange member organisation sales people who have met the NYSE background and industry knowledge requirements.Registered representativeA person registered with the CFTC who is employed by and solicits business for a CFTC or CFTC.Registered representative Similar MatchesCompany representative (tied agent)Company representative (tied agent)A financial services sales rep, authorised to give financial advice on life assurance, pensions and unit trusts, but only allowed to recommend products from his/her employer. Unlike, IFAs, therefore, tied agents cannot be assumed to give impartial advice.Under the Financial Services Act 1986 all financial advisers must tell prospective clients whether they are tied agents or independent, so that the client knows what kind of advice he is getting.Tied agents are regulated by the Financial Services Authority (FSA). Appointed representativeAppointed representativeSalesperson, company or organisation that advises on the investment products specific to one life assurance or investment company. |
|
|
|