Finra Defends Outside-Biz Rule Proposal
May 12, 2025 by Alex Padalka
The Financial Industry Regulatory Authority is hitting back at critics of its recent proposal on updating its regulations on brokers’ and employees’ outside business activities.
In March, the industry’s self-regulator issued a request for comment on its proposal to “streamline and reduce unnecessary burdens” and address what it called a “dichotomy” created by the two different rules that are currently in place: one for “registered persons,” i.e., registered brokers, and a separate one for “associated persons,” i.e., those merely affiliated or associated with a broker-dealer, such as employees, branch managers, or agents not registered as brokers.
Originally Posted at Financial Advisor IQ on May 6, 2025 by Alex Padalka.
Categories: Industry Articles
