The Proposed Rule is a welcome development to modernize the existing, outdated requirements related to outside business activity and private securities transactions.
FINRA Rule 3270
Prohibits a person registered with a firm in any capacity from receiving or having a reasonable expectation of compensation from another person as a result of business activity that is outside the scope of the relationship with the firm. The firm may permit such an activity if the person has provided prior written notice of it to the firm.
Overview
Latest News
Disciplinary decisions issued November 15 – 21, 2025.
Disciplinary decisions issued November 1 – 7, 2025.
The broker-dealer was cited for compliance violations, including failures related to Reg BI, email retention, and the supervision of outside business activities.
Disciplinary decisions issued October 18 – 24, 2025.
Disciplinary decisions issued October 4 – 10, 2025.
Disciplinary decisions issued October 4 – 10, 2025.
Disciplinary decisions issued August 30 – September 12, 2025.