What is the key difference between a Responsible Managing Employee (RME) and a Responsible Managing Officer (RMO)?

Explanation

§7068(b) lists who may appear to qualify a firm: a general partner, a responsible managing officer, a responsible managing manager or member, or a responsible managing employee. The RMO sits inside the business as an officer, manager or member. §7068(c)(1) defines the RME from the other direction, as an individual who is a bona fide employee of the applicant and actively engaged in the classification for which that person qualifies it, and §7068(c)(2) puts numbers on both halves: permanently employed, and working 32 hours a week or 80 percent of the hours the business operates, whichever is less. Both must show the same knowledge and experience and both sit the examinations, which is (b)'s error. (a) invents an ownership test for the RME; ownership matters in the other direction, since §7071.9(c) excuses an RMO from the qualifying individual's bond only where he owns 10 percent or more of the voting stock. (c) is wrong as well: §7068(e) bars a qualifier from holding another active licence except under §7068.1, which reaches related firms only and caps the whole arrangement at three in any one-year period.