An individual who solicits orders, customers, or customer funds on behalf of a Futures Commission Merchant, an Introducing Broker, a Commodity Trading Advisor, or a Commodity Pool Operator and who is registered with the Commodity Futures Trading Commission (CFTC) via the National Futures Association (NFA).
Under NASD rules,(i) a natural person who is registered or has applied for registration under the Rules of the NASD or (ii) a sole proprietor, partner, officer, director, or branch manager of a member, or other natural person occupying a similar status or performing similar functions, or a natural person engaged in the investment banking or securities business who is directly or indirectly controlling or controlled by a member, whether or not that person is registered.
Any NATURAL PERSON that is a partner, OFFICER, DIRECTOR, or employee of a LIMITED PARTNERSHIP that is the issuer; a corporate general partner of a limited partnership that is the issuer; a company or partnership that controls or is controlled by or is under common control with the issuer; or an investment advisor that is registered under the INVESTMENT ADVISORS ACT OF 1940 and that is an advisor to an INVESTMENT COMPANY registered under the INVESTMENT COMPANY ACT. Rule 3a4-1(c)(1)(i)-(iv). Under Rule 15c3-3(a)(13), it includes persons that directly or indirectly CONTROL a BROKER or DEALER or persons that are directly or indirectly controlled by or under common control with a broker or dealer. Ownership of 10 percent or more of an entity's common stock is deemed to be control of an entity. Under Rule 17a-3(a)(12)(ii), an ASSOCIATED PERSON is defined as a partner, OFFICER, DIRECTOR, salesman, trader, manager, or any employee handling FUNDS, SECURITIES, or soliciting transactions or accounts for the BROKERDEALER.