Series 7 Exam Question 160: Answer and Explanation

Question: 160

While starting your new career, you decide you want to moonlight as a bartender to help make ends meet. Who must be notified?

I. Your brokerage firm

II. FINRA

III. The SEC

  • A. I only
  • B. I and II
  • C. I, II, and III
  • D. None of the above

Correct Answer: A

Explanation:

A. If you're moonlighting while working as a registered rep for a broker-dealer, you have to notify your firm in writing. In the event that your firm feels it's a conflict of interest, they may say no.

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