Series 7: 13.3.2. Managerial Chain Of Command

13.3.2. Managerial Chain of Command

Every branch office is required to designate at least one General Representative or General Principal with the supervisory authority and responsibility for the activities of that office and any non-branch office in its jurisdiction. In addition, an appropriately registered Limited Principal must be assigned supervisory authority for each type of the member firm’s business that requires registration as a broker-dealer. A Series 9/10 Principal, for example, would be assigned oversight responsibility for equities sales in each OSJ. Finally, to provide a clear line of authority, each reg