Introduction In 2025, the Financial Industry Regulatory Authority (“FINRA”) issued Regulatory Notice 25-05, proposing new Rule 3290 to modernize and consolidate its long-standing requirements for outside business activities (“OBAs”) and … Continue reading From Two Rules to One: FINRA’s Rule 3290 Will Reshape Supervision of OBAs and PSTs
The Securities and Exchange Commission (SEC) and the Financial Industry Regulatory Authority (FINRA) continue to stress that the obligation under FINRA Rule 3280, Private Securities Transaction (PST) to disclose personal … Continue reading Firms and Reps at Risk: The Overlooked PST Compliance Obligation of Passive Investments
The Financial Industry Regulatory Authority (FINRA) has proposed a new rule, FINRA Rule 3290 – Outside Business Requirements (Proposed Rule), to simplify and reduce unnecessary regulatory burdens related to the … Continue reading FINRA Proposes Rule 3290 to Streamline Oversight of OBAs and PSTs