Series 7 Exam Question 160: Answer and Explanation

Question: 160

While starting your new career, you decide you want to moonlight as a bartender to help make ends meet. Who must be notified?

I. Your brokerage firm

II. FINRA

III. The SEC

• A. I only
• B. I and II
• C. I, II, and III
• D. None of the above

Correct Answer: A

Explanation:

A. If you're moonlighting while working as a registered rep for a broker-dealer, you have to notify your firm in writing. In the event that your firm feels it's a conflict of interest, they may say no.