SIE - Securities Industry Essentials Exam

Preview Mode

A registered rep takes on a board level role outside the registered member firm. Which of the following are true?

It is not disclosable; since it is outside the registered member firm
A
It must be disclosed on a U5 by the member; if securities are purchased
B
This must be disclosed as an outside business activity
C
There is no disclosure, if the member does not buy securities
D

Explanations

This must be disclosed as an outside business activity.