Think about the New York Stock Exchange - you know, that place where people buy and sell stocks - as a club. There are full members and there are not-quite full members. An allied member is in the not-quite category.
While not personally a member of the NYSE, an allied member is affiliated with a company that is a full member. He or she must work as an officer of a member company (meaning a high-ranking bigwig there) or have a sufficient stock holding in the firm. He or she must also pass an exam. Once approved, the allied member can conduct business on the NYSE and go onto the trading floor, where the real fun happens.
Related or Semi-related Video
Finance: What is an Executor?6 Views
Finance a la shmoop what is an executor? executor.. not the dude in the mask [Man in a mask appears beside a man in a guillotine]
with the guillotine thing but it's kind of related that is after you die the
executor executes your wishes as spelled out in your will that is they make
certain known that kindly loving Aunt Milly inherits your beach house the one [Aunt Milly stood beside beach house]
with the red bondage gear in the back room
yeah Aunt Milly I love her she could really crack a whip and then
grandpa chucks wishes well the executor takes the fourteen thousand shares of
appreciated Amazon stock and makes sure they're donated to the power tools for
Tots institution executor at work... and when that's all done the executor files
the appropriate paperwork with the state and anything else who needs to [People walking away from graveyard]
understand that you are in fact dead but their job does not extend to keeping you
in the grave should the zombie apocalypse happen in you escape [Grandpa Chuck appears as zombie from the grave]
Up Next
What are NASDAQ and the NYSE? NYSE stands for New York Stock Exchange, and NASDAQ is more or less a component of this. The stock exchange is where...
A member firm is a broker dealer wherein at least one of the key people who run the firm is a member of a major exchange, or player in an SRO.
What is an Affiliated Person or Affiliated Investor? An affiliated person is known as an insider in the financial world. These are the people who h...
What is an Associated Person? An associated person is just an employee of a broker or a dealer that are involved in trading. These people must be c...