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TeachMeFinance.com Allied Member -- Participant in the NYSE who is not a direct member but who is a general partner or voting stockholder of a member firm. Allied members are barred from transactions on the floor of the exchange. It is not uncommon for the board chairman of a member firm to be an allied member since a member firm is required to have no more than one personal membership among partners and stockholders. About the author Mark McCracken Author: Mark McCracken is a corporate trainer and author living in Higashi Osaka, Japan. He is the author of thousands of online articles as well as the Business English textbook, "25 Business Skills in English". Copyright © 2007 by Mark McCracken, All Rights Reserved. TeachMeFinance.com is an informational website, and should not be used as a substitute for professional financial or legal advice. TeachMeFinance.com and its owner recommend consultation with a professional financial advisor prior to any investment or financial decision. Please read our disclaimer.