Outside Business Activities Disclosure
FINRA requires you to disclose all business activities that you conduct that are not related to Rainmaker Securities
Must await principal approval prior to entering into the activity.
Disclose any for-compensation activity
Disclose any management, director or board memberships (including non-profit entities)
Private Securities Transactions Disclosure
FINRA requires that you disclose all of the following: funds managed, personal investments in private companies, and any assistance in fund raising for non-Rainmaker Securities clients
Disclose entities formed for use as investment vehicles
Must submit diligence file for offering approval by firm principal
Transactions/Subscriptions must be recorded on the firm's books & records
Brokerage Accounts Disclosure
FINRA requires you to disclose all brokerage accounts for yourself, family members, or accounts in which you have a beneficial interest.
Rainmaker Securities must receive duplicate trade confirmations and monthly/quarterly statements.
Industry professionals are prohibited from participating in New Issues or IPO transactions.
Gifts & Gratuities Disclosure
FINRA requires you to disclose all gifts and gratuities to clients or prospects
Limited to $100 value per year
Must record all recipients
Exception: If you accompany the client or prospect to the event, it will not be subject to the $100 limit
Firm Policies Certification
Each calendar year, each registered agent of the firm must complete this form to attest to their understanding and acknowledgement of:
the firm’s Compliance Manual
the firm’s Insider Trading Policy; and
their attendance of the Firm Element Continuing Education
U4 Disclosure and Activities Form
This form must be completed each calendar year
It includes a solicitation of any previously undisclosed U4 updates and a series of “yes” or “no” questions regarding your activities and conduct with clients of the RMS brokerage