Post by cxgllc on Dec 24, 2018 6:17:26 GMT -5
FINRA is the successor to the National Association of Securities Dealers, Inc. (NASD) and the member regulation, enforcement, and arbitration operations of the New York Stock Exchange. It is a non-governmental organization that regulates member brokerage firms and exchange markets.
To that end, FINRA is proposing a single rule that would require registered persons to provide their firms with prior written notice for all investment-related or other business activities outside the scope of their relationship with the member. The proposed rule would require that a registered person include in the notice a description of the proposed activity and the registered person's proposed role therein, and that the registered person update the notice in the event of a material change to the activity.10 With respect to investment-related activities only, a registered person would be required to receive prior written approval from the member before participating in the activity.
FINRA Broker Dealer Registration| Outsource Series 79
To that end, FINRA is proposing a single rule that would require registered persons to provide their firms with prior written notice for all investment-related or other business activities outside the scope of their relationship with the member. The proposed rule would require that a registered person include in the notice a description of the proposed activity and the registered person's proposed role therein, and that the registered person update the notice in the event of a material change to the activity.10 With respect to investment-related activities only, a registered person would be required to receive prior written approval from the member before participating in the activity.
FINRA Broker Dealer Registration| Outsource Series 79