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.

• 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