FINRA: Outside Business Activities for Independent Registered Representatives

Course Description

This course covers regulations governing the treatment of outside business activities and reviews factors an independent registered representative should consider before participating in an outside business activity or conducting a private securities transaction. Using real industry scenarios, this course illustrates how regulatory requirements for outside business activities apply to independent registered representatives.

Learning Objective(s)

By taking this course, you will be able to:

  • Understand what are considered outside business activities.
  • Understand the firm and regulatory requirements for registered persons, whether contractors or employees of broker-dealers, involved in outside business activities.
  • Understand the importance of notifying the firm prior to pursuing outside business activities.
  • Understand the consequences of violating firm and regulatory requirements for outside business activities.

Complexity

Intermediate