# reps a securities principal can supervise?

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May 23, 2009 1:42 am

Hi all,

Someone recently told me there was a limit to the number of off-site representatives a general securities principal can supervise. I’ve been all over FINRAs website, but I can’t find anything.

Anybody out there know the deal? Thanks in advance.

May 26, 2009 1:20 pm

It may be one of those situations where you have to demonstrate that the number you superivised are being effectively and adequately supervised.  Only requirement I found was that there needs to be at least two principals (to supervise eachother) - excluding certain exceptions.

May 26, 2009 5:33 pm

Thanks. I saw that rule too. I think my source is off.

May 26, 2009 5:36 pm

Your firm can impose a limit.