KNOW YOUR EMPLOYEE (KYE®)
Outside Business Activities
Track employee outside business activities to identify potential conflicts of interest.
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™
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 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.
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.
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.
