Better Management of Outside Business Activities Starts Here

How employees spend their time outside work can lead to significant conflicts of interest. Understand the potential risk of employee commitments including board roles, volunteer work, second jobs and sales of other products with Outside Business Activity Manager.

COMPLIANCE BUILT BETTER™

Efficiently identify, monitor and resolve potential conflicts of interest.
Preclear different types of Outside Business Activities (OBAs) and Private Securities Transactions (PSTs).

030-family

Find employee trouble spots.
Outside Business Activity Manager tracks employee OBAs and PSTs so your compliance team can determine whether there is a potential conflict of interest that could expose both the firm and its customers to risk.

003-search

Reduce the time and cost of tracking and monitoring OBAs and PSTs.
Embed OBAs and PSTs into regular compliance attestations. Automate questionnaires and workflows, including multiple levels of approval, to streamline compliance.

033-resume
Thumbs-Up

COMPLY WITH FINRA RULE 3270 AND FINRA RULE 3280

FINRA Rule 3270 and FINRA Rule 3280 require registered reps to provide written notice of proposed outside business activities and private securities transactions so you can determine whether to limit or allow them. 

Monitor

MONITOR PRIVATE SECURITIES TRANSACTIONS

Track if your employees are “selling away” with transactions outside their scope of employment, including the sales of digital assets and unregistered securities. 

Badge

ENFORCE OUTSIDE BUSINESS ACTIVITY POLICY

Protect your firm and demonstrate the effectiveness of your policies by taking a proactive approach to monitoring, documenting and addressing potential conflicts to comply with FINRA outside business activities rules and other regulatory requirements.

Automate and simplify the capture and management of employee outside business activities and personal securities transactions to find and mitigate potential conflicts of interest.

MCO FAQ Session - Suite and Product Pages 3

Monitor employees engaged in transactions outside their official duties, including selling digital assets or unregistered securities.

Inform employees of their disclosure obligations. Configure reminders and escalations if requests are not actioned within a specific period. Escalate requests based on supervisory hierarchy.

Maintain separate listings of pre-clearances and actual activities and transactions. Run dashboard reporting and user-defined reports.

The platform is designed to be easily customizable to fit the unique needs and policies of different organizations.

Outside Business Activities Manager is part of MCO’s Know Your Employee (KYE) suite that monitors, identifies and remedies conflicts of interest and code of conduct issues and comprehensively addresses employee compliance.

With Know Your Employee, firms can manage all areas of employee compliance on one platform with shared data, enabling a holistic view of compliance risk.

Rounded-Animate-Image
CASE STUDY

Fighting Conflicts with a Centralized Solution

READ CASE STUDY

Have Questions about Outside Business Activities? 

TALK TO US!

Frequently Asked Questions - FAQ’s

Outside business activities can create conflicts of interest, regulatory concerns, and reputational risks. Monitoring these activities helps organizations understand potential exposures, ensure employees meet disclosure requirements, and maintain effective oversight of activities that may impact their professional responsibilities.

MCO centralizes disclosure and approval processes through automated workflows that guide employees through submissions and reviews. This improves consistency, reduces manual administration, and helps compliance teams maintain complete records of outside business activities and related decisions.

MCO helps firms evaluate disclosed activities against internal policies and risk criteria. By providing structured reviews, risk assessments, and ongoing monitoring, the platform enables compliance teams to identify conflicts early and take appropriate action before issues escalate.

Yes. MCO enables employees to disclose and update board memberships, secondary employment, private investments, and other outside activities. Compliance teams gain centralized visibility into these disclosures, helping ensure risks are assessed and managed consistently.

MCO supports FINRA compliance by automating disclosures, approvals, monitoring, and recordkeeping related to outside business activities. Organizations can demonstrate oversight, maintain documentation, and ensure employees comply with applicable regulatory and internal policy requirements.

MCO combines disclosures, reviews, approvals, monitoring, and reporting into a single workflow-driven platform. This reduces administrative complexity, improves transparency, and allows compliance teams to manage outside business activity programs more efficiently and consistently.