Glossary

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TermDefinition
Associated Person (AP) An individual who solicits orders, customers or customer funds (or who supervises persons so engaged) on behalf of a futures commission merchant, a retail foreign exchange dealer, an introducing broker, a commodity trading advisor or a commodity pool operator and who is registered with the CFTC. An AP is, in effect, anyone who is a salesperson or who supervises salespersons for any of these categories of individuals or firms. The registration requirements apply to any person in the supervisory chain-of-command and not only to persons who directly supervise the solicitations of orders, customers or funds.