Regulatory Notice 18-08

FINRA Requests Comment on Proposed New Rule Governing Outside Business Activities and Private Securities Transactions

Comment Period Expires: April 27, 2018

Summary

FINRA seeks comment on a proposed new rule to address the outside business activities of registered persons. The proposal is the result of FINRA’s recent retrospective review of FINRA’s rules governing outside business activities and private securities transactions, FINRA Rule 3270 (Outside Business Activities of Registered Persons) and FINRA Rule 3280 (Private Securities Transactions of an Associated Person), respectively. The proposed rule would replace FINRA Rules 3270 and 3280 and is intended to reduce unnecessary burdens while strengthening investor protections relating to outside activities.

The proposed rule text is available in Attachment A.

Questions regarding this Notice should be directed to:

  • James S. Wrona, Vice President and Associate General Counsel, Office of General Counsel (OGC), at (202) 728-8270; or
  • Meredith Cordisco, Associate General Counsel, OGC, at (202) 728-8018.
The views, expressions, findings and opinions expressed in the comments on this Web page are solely those of the author(s) and FINRA accepts no responsibility for the content of the comments: 
DateCommenterFormat - Size
2/28/2018Bill Singer, Esq.PDF - 266.38 KB
3/6/2018Bill Singer, Esq.PDF - 83.93 KB
3/7/2018Joseph C. Korsak, Esq.PDF - 84.96 KB
3/8/2018Law Offices of Steve A. Buchwalter, P.C.PDF - 60.36 KB
3/16/2018Will BachPDF - 45.86 KB
3/22/2018Israels & Neuman, PLCPDF - 62.64 KB
4/2/20181st Financial Investment, Inc.PDF - 38 KB
4/4/2018Colorado Financial Service CorporationPDF - 202.65 KB
4/11/2018Whitehall-Parker Securities, Inc.PDF - 47.2 KB
4/13/2018Investacorp, Inc.PDF - 99.27 KB
4/13/2018ForesidePDF - 138.47 KB
4/16/2018Prospera Financial ServicesPDF - 88.53 KB
4/17/2018Investment Company InstitutePDF - 436.95 KB
4/18/2018Securities AmericaPDF - 626.17 KB
4/18/2018Monahan & Roth, LLCPDF - 53.78 KB
4/18/2018Pacific Capital AssociatesPDF - 104.32 KB
4/18/2018Stephen A. Kohn & AssociatesPDF - 104.66 KB
4/20/2018Bill SingerPDF - 163.44 KB
4/20/2018ADISAPDF - 683.53 KB
4/25/2018Paige PiercePDF - 53.71 KB
4/25/2018PKS InvestmentsPDF - 209.42 KB
4/25/2018LaBrunerie FinancialPDF - 276.15 KB
4/25/2018Fortune Financial Services, Inc.PDF - 80.83 KB
4/26/2018Ken NorensbergPDF - 135.82 KB
4/26/2018UNLV William S. Boyd School of LawPDF - 324.45 KB
4/26/2018Commonwealth of MassachusettsPDF - 2.81 MB
4/26/2018Madison Avenue Securities, LLCPDF - 199.97 KB
4/26/2018Master Plan Advisory, Inc.PDF - 471.6 KB
4/26/2018First Asset FinancialPDF - 738.95 KB
4/27/2018SIFMAPDF - 171.02 KB
4/27/2018John PintoPDF - 105.81 KB
4/27/2018NSCP PDF - 118.4 KB
4/27/2018PIABAPDF - 256.69 KB
4/27/2018Insigneo Securities, LLCPDF - 107.1 KB
4/27/2018Eversheds SutherlandPDF - 1.47 MB
4/27/2018NPB Financial Group, LLCPDF - 47.18 KB
4/27/2018NASAAPDF - 213.91 KB
4/27/2018Financial Services InstitutePDF - 237.25 KB
4/27/2018M. Holdings Securities, Inc.PDF - 68.03 KB
4/27/2018Cambridge Investment Research, Inc.PDF - 469.43 KB
4/27/2018Wells Fargo AdvisorsPDF - 69.48 KB
4/27/2018Commonwealth Financial NetworkPDF - 136.22 KB
4/27/2018Raymond JamesPDF - 912.96 KB
4/27/2018University of Miami School of LawPDF - 2.79 MB
4/27/2018Ameriprise Financial Services, Inc.PDF - 94.42 KB
4/27/2018M&A Securities GroupPDF - 79.29 KB
4/27/20181st Global Capital Corp.PDF - 198.88 KB
4/27/2018AG Advisor GroupPDF - 140.4 KB
4/27/2018Cornell University Law SchoolPDF - 68.01 KB
4/27/2018LPL Financial LLCPDF - 1.37 MB
5/4/2018New York State Bar AssociationPDF - 113.34 KB
5/15/2018Amber EduvigenPDF - 47.31 KB