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SIE Overview of the Regulatory Framework Practice Question 6

Question: 6

Which of the following does FINRA Rule 3270 (Outside Business Activities of Registered Persons) require a member firm to consider before approving an outside business activity (OBA)?

Correct Answer: A

Explanation:

A: Before approving an outside business activity (OBA), a member firm must consider whether the OBA could be perceived by outsiders as part of the member's activities. Choices B, C, and D are not required by FINRA to be considered even though they may be reasonable considerations.

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