Final answer:
This answer explains the differences between selling away and outside business activities (OBAs) in the field of Business at a College level.
Step-by-step explanation:
Selling Away: Selling away occurs when a financial advisor conducts securities transactions without the approval or knowledge of their employing firm. Essentially, it is when a broker sells investments that are not offered by their firm. This can be a violation of industry regulations.
Outside Business Activities (OBAs): OBAs refer to activities and business pursuits that a financial advisor engages in outside of their regular employment. These activities must be disclosed to the employing firm and are subject to certain regulations to ensure that they do not interfere with the advisor's duties or present conflicts of interest.
Overall, the main difference between selling away and OBAs is that selling away involves conducting unauthorized securities transactions, while OBAs encompass a broader range of outside activities that must be disclosed to the employing firm.