FINRA issues new Rule 3290 to replace Rules 3270 and 3280
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The Financial Industry Regulatory Authority (FINRA) issued Regulatory Notice 26-20, introducing new Rule 3290 (External Activities Requirements) to replace the existing Rule 3270 (Outside Business Activities of Registered Persons) and Rule 3280 (Private Securities Transactions of an Associated Person), unifying the regulation of external activities of registered persons and external securities transactions of associated persons. The new rule takes effect on October 25, 2027. The new rule expands the definition of "investment-related activities" to cover activities related to financial assets such as securities, crypto assets, commodities, derivatives, currencies, banking, real estate, and insurance, while clarifying that securities transactions between immediate family members of associated persons that do not involve sales compensation may be exempted.
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- FINRA: Regulatory NoticesFINRA Issues Regulatory Notice 26-20, Introducing New Rule 3290 to Replace Rules 3270 and 3280
FINRA has introduced new Rule 3290 (External Activities Requirements), replacing former Rule 3270 (Outside Business Activities of Registered Persons) and Rule 3280 (Private Securities Transactions of Associated Persons), to uniformly regulate external activities of registered persons and external securities transactions of associated persons, with an effective date of October 25, 2027.
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