According to FINRA, Simon Dude Granner was fined $5,000 and suspended for three months for failing to timely and fully disclose his outside business activity. Granner formed a consulting services company without providing prior written notice to his firm. When he belatedly sought approval, he failed to fully disclose that he would provide financial sales coaching to firm-registered persons, activities he knew the firm would not approve because it prohibits third-party financial sales training. Granner solicited firm representatives as coaching clients, with some paying him approximately $28,000. He falsely attested in compliance questionnaires that he had completely disclosed his OBAs. Outside business disclosure requirements prevent conflicts and ensure proper supervision.