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FINRA Clarifies 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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