Outside Business Activities

FINRA Rule 3270 requires firms to review, approve and maintain documentation on all registered personnel OBA prior to their participation. Broker dealers across the industry struggle with gathering, tracking and managing required disclosure information from registered representatives.

With NRS ComplianceMAX’s™ OBA solution compliance departments confidently manage OBA’s for registered representatives, so they remain in compliance with requirements for participation approvals.

NRS ComplianceMAX’s™ OBA solution makes it:

  • Easy for reps with one easy-to-use interface for form completion and submission, amendment for when activities change, and
  • Easy for managers with streamlined ability to request additional information and deny, approve or approve with restrictions. Plus, the system notifies the rep via email after management review.

ComplianceMax™ Outside Business Activities Solution

Add the ComplianceMAX™ OBA solution and:

  • Maintain current U4 OBA disclosure,
  • Add new or revises current OBA disclosure, and
  • Maintain historical archive for each OBA.