DD Support Board and Research Team

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When you are licensed with FINRA you have to disclose outside business activity. For instance, if I am a stock broker for Morgan Stanley, and I own a t-shirt shop in Florida with my brother, I have to disclose that owner/operator of the t-shirt shop to FINRA.

In this case, it appears this guy was engaged in potential conflicts of interest by acting as a Director of a company while holding active licenses at multiple broker dealers.

There is nothing wrong with doing so, failing to disclose is a violation.