Overview
FINRA supervision rules require supervisory principals to oversee outside business activities (OBAs) and private securities transactions (PSTs) of registered representatives and non-registered associated persons. This course provides an orientation to OBAs, PSTs, and related regulatory obligations. Increased regulatory scrutiny has expanded supervisory obligations, making it essential for all broker-dealer personnel to understand these concepts and rules.
Find this course for your license
License or Certification
Regulator
Type
Learning Objectives
- have a solid understanding of the nature of the outside business activity
- have a solid understanding of regulatory obligations relating to outside business activity
- have a solid understanding of private securities transactions
- have a solid understanding of when and how you may engage in private securities transactions
- understand the supervisory obligations arising from OBAs and PSTs
- understand the difference between private securities transactions and a private offering of securities
Designed For:
Course Information
Adding additional credit may change exam requirements.
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S2-31 - Framework