Outside Business Activities: What to Know Under FINRA's New Rules

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Outside Business Activities: What to Know Under FINRA's New Rules

October 02, 2026

United States
United States
United States
ThinkAdvisor

Partner Brian Rubin explains how FINRA’s recently revised outside activities framework will provide relief from supervisory and recordkeeping obligations by treating activity at an unaffiliated RIA as an outside activity rather than an outside securities transaction. Firms must still receive prior written notice, assess the activity and supervise compliance with any conditions they impose.

“It will be a lighter touch, but not completely hands-off,” Brian said.

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brianrubin@eversheds-sutherland.com

Brian L. Rubin

Partner

Washington, DC, United States

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