Outside employment and activities.

CFR · 2024-01-01 · US · Title 5

(a) (1) (2) (i) Involve serving as an officer or director of the organization; (ii) Involve providing professional services or advice to the organization; (iii) Are for compensation, other than reimbursement of expenses; or (iv) Involve serving as an active participant (as defined in 5 CFR 2635.502(b)(1)(v)) in a professional organization whose interests may be substantially affected by the Commission. (3) (4) (b) (c) (i) No employee may engage in any outside employment or activities that conflict with employment with the Commission. (ii) [Reserved] (iii) No employee shall undertake the following types of employment or activities: (A) Employment with any entity regulated by the Commission; (B) Employment or any activity directly or indirectly related to the issuance, purchase, sale, investment or (C) Employment otherwise involved with the securities industry; or (D) Employment otherwise in violation of any applicable law, rule or regulation. (2) (ii) Notwithstanding the absence of a statutory prohibition, a member may not engage in any outside employment or activity, if such outside employment or activity would materially impair the member's ability to perform properly the member's duties. Such outside employment or activity includes such fiduciary relationships such as serving as a trustee, executor or corporate director. (d) Employees are required to submit proposed publications or prepared speeches relating to the Commission, or the statutes or rules it administers, to the

official document · source cfr-2024 · id 5:§ 4401.103