Registered vs. Non-Registered Persons

What this video covers

• The three-part registration process: passing the SIE plus a top-off exam, registering with FINRA through a member firm, and filing Form U4 (Uniform Application for Securities Industry Registration)
• Which activities require registration, and why the test divides tasks into persuasive or customer-money decisions versus purely mechanical clerical functions
• Why a non-registered person can never accept a customer order, solicited or unsolicited, even just to write it down and hand it to a registered representative
• How marketing materials can pass through non-registered hands only when pre-approved by a principal, and why unapproved materials trigger a violation
• Why casual conversation about the merits of a specific security crosses the line into unregistered selling activity
• The correct compliance move when a customer calls in with a trade: immediate transfer without accepting, confirming, or recording any order details