What is considered outside business activity?

What is considered outside business activity?

Outside Business Activities means any activities that a Supervised Person may be engaged in outside of their employment with the Firm, including, but not limited to, service as an officer, director, partner, employee, consultant or independent contractor with any for profit or non-profit organization.

What does finra consider an outside business activity?

Examples of reportable outside business activities could include providing accounting or consulting services, working for a start-up or sitting on a board of directors, acting as a real estate broker, and serving on the board of a religious or civic organization, among other things.

What is an outside RIA?

So, an RIA is to provide advisory services to clients. So, if you under one roof, also want to provide real estate brokerage services to your clients, which would, you know, functionally be an Outside Business Activity.

What is not considered to be an outside business activity engaged in by an associated person?

A passive investment, such as the purchase of a limited partnership unit, is not considered an outside business activity. An associated person may make a passive investment for his own account without providing written notice to the employing broker-dealer.

What is not an outside business activity?

Passive Investments Are Not Outside Business Activities Investing in diversified index funds or private securities transactions is not an outside business activity. Investment advisers may also put their personal funds into a blind trust. Blind trusts do not allow people to direct how their money is invested.

What is not considered to be an outside business activity engaged in by an associated person quizlet?

A passive investment, such as the purchase of a limited partnership unit, is not considered an outside business activity (OBA). An associated person may make a passive investment for his own account without providing written notice to the employing broker-dealer.

What is the difference between an RIA and a financial advisor?

A Registered Investment Advisor (RIA) is an individual financial advisor or a company that provides its clients with financial advice. Unlike other types of financial advisors, RIAs have a fiduciary duty to act in your best interest.

What can an RIA do?

Registered investment advisors (RIAs) manage the assets of high-net-worth individuals and institutional investors. RIAs can create portfolios with individual stocks, bonds, and mutual funds; they may use a mix of funds and individual issues or only funds to streamline asset allocation and cut down on commission costs.

What is outside business interest?

Outside Business Interests – means any interests or activities undertaken by a District employee for financial or other remuneration outside their role at the District, including, but not limited to, private consulting, or owning, operating or being employed by a private business.

Which of the following would be unacceptable reasons for an officer of a member firm to make a contribution?

Which of the following would be unacceptable reasons for an officer of a member firm to make a contribution to the election campaign of a political candidate? The candidate has promised to steer business to the officer’s firm.

Which of the following would be an associated person?

The term “Associated Person” means: (1) a natural person registered under FINRA rules; or (2) a sole proprietor, or any partner, officer, director, branch manager of the Applicant, or any person occupying a similar status or performing similar functions; (3) any company, government or political subdivision or agency or …

Recent Posts

Categories