Regulations & ConductPregunta 122 de 125
A registered representative who wishes to engage in an outside business activity must:
a.Keep it secret from the firm
b.Obtain approval from the SEC directly
c.Do so only if it is unpaid
d.Provide prior written notice to the employing firm as required by FINRA rules
Explicación
FINRA rules require a registered person to provide prior written notice to the member firm before engaging in outside business activities, and private securities transactions ('selling away') require prior written notice and firm approval. This lets the firm assess conflicts and supervisory responsibilities.
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Preguntas relacionadas de este tema
- Commingling a customer's funds or securities with the firm's own assets is:
- The Securities Investor Protection Corporation (SIPC) protects customers by:
- Under FINRA rules, most customer account records and communications must generally be:
- 'Selling away,' or participating in private securities transactions without the firm's knowledge and approval, is:
- The Investment Company Act of 1940 primarily regulates:
- A firm's written supervisory procedures and designation of principals are intended to:
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