I have been thinking about buying into a partnership for a race horse. I have always been into horses and riding in general, at one point wanted to become a jocky when I was younger. So I’d be buying into it for fun and the experiance. However I am wondering if it would have any effect on my security clearance if any. I would not be a managing partner, US only racing, I would own 5% or less, and would have to have a NY gaming commission licence to have access to the barns and would make whatever percentage of the winnings if the horse places in the money wich I’m not going in expecting that to happen. The cost is equivalant to putting 20% down on a nice RV or something like that and the montly cost for my percentage of ongoing care and training is less than the payments would be on a RV. I won’t do it if its going to have an effect on my clearance and only doing research right now. I would think that I’d need to report it though.
I would think it’s a business venture like any other. If you’re not betting on the horses, probably just need report it as a new business interest. If you are gambling, then you will need to look at the reporting requirements for that as well.
Assuming you’re actually working there and not just investing money, no. Even if you’re just investing money, also no. Admittedly, you’ll want to check with your employer as many have requirements that exceed SEAD 3.
If we keep the scope to SEAD 3 though then you have no obligation to report a new employment.
SEAD 3 is located here: https://www.dni.gov/files/NCSC/documents/Regulations/SEAD-3-Reporting-U.pdf
Now, when you submit your new PVQ or other document to DCSA to maintain the trust decision you will have to report the new self employment at that time, if it is a job.