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The limited supervisory functions that could be appropriately delegated to registered representatives also might be assigned to folks registered as Foreign Associates less than NASD Rule 1100. Foreign Associates, however, might not conduct the functions that require a principal registration.
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The problem of whether or not a certain person is required to get a sequence sixty three license is a selected info and instances Assessment, and finally would be answered by state regulation or polices of each particular person state involved.
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