FINRA Rule 3270 prohibits any registered person from being an employee, independent contractor, sole proprietor, officer, director or partner of another person, or being compensated, or having the reasonable expectation of compensation, from another person as a result of any business activity outside the scope of the relationship with the member firm unless he or she has provided prior written notice to the member firm. Registered persons may not engage in the activity until they receive written permission from the member firm. The firm should complete the review of the outside business activities of all associated persons for each month.