FINRA’s New Outside Activities Proposal Is Absurd
May 8, 2025 by Ric Edelman
Ed. Note: On May 5, FINRA clarified that its proposal would not require associated persons to report to and receive approval from their broker-dealers to personally purchase bitcoin, a beach house or insurance or maintain a bank account, and that these types of personal activities are, in fact, excluded from the rule.
Just when everybody thought crypto had entered the Age of Enlightenment, thanks to the strong support it’s been given by the Trump administration, along comes FINRA with a proposed rule that, for FINRA-licensed reps and those dually licensed — would push crypto back into the Dark Ages of the Biden and Gensler regime. And the rule’s impact would go far beyond cryptocurrency.
Originally Posted at Think Advisor on May 2, 2025 by Ric Edelman.
Categories: Industry Articles
