A registered representative at a FINRA member firm goes on the Board of Directors of a not-for-profit charity. Which statement is TRUE?

A This event must be reported as an Outside Business Activity to FINRA on the individual's U-4 Form

B This event must be reported to the individual's employer

C This event must be reported as an Outside Business Activity to both FINRA on the individual's U-4 Form and to his or her employer

D No report is required to either FINRA or the employing member firm