FINRA Seeks to Ease Worries on Outside Business Activities Plan

News May 06, 2025 at 11:27 AM
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What You Need To Know

  • FINRA proposed a rule to limit the reporting of outside business ventures to "investment-related" activities.
  • Some observers, including Ric Edelman, interpreted the rule's language as requiring brokers to report a wide range of personal financial transactions.
  • The proposal creates no such requirements, FINRA clarified Monday.
  • Edelman called the clarification "a welcome development."

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