GENERAL INSTRUCTIONS. The Form U4 is the Uniform Application for Securities Industry Registration or. Transfer. Representatives of broker-dealers. Registered individuals and firms share a continuing obligation to promptly update a registered representative’s (RR) Form U4 if any information changes or. Web CRD provides entitled users at Broker-Dealer and Investment Adviser firms with the ability to submit electronic filings of Form U4 to fulfill securities.

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Failure to provide a complete and accurate response to any question on Form U4 constitutes grounds to deny an application and, in some circumstances, could result in a statutory disqualification, which effectively prohibits a representative from registering with FINRA.

Industry The Department of Banking regulates the financial services industry in Connecticut. FINRA charges a late disclosure fee when a firm fails to report a disclosure event in a timely manner.

Eligible individuals will also be responsible for paying the CE fee. Federally registered advisers should also pay attention to this notice. Financial Podcasts 2 hours ago. Pursuant to Section Register now for your free, tailored, daily legal newsfeed service. Please contact customerservices lexology.

Be proactive in reviewing public databases and investigating any judgments or liens against registered representatives. As noted, the UBS and Vanguard cases have been described as reporting issues with a matter of supervisory lapses.


If there is any uncertainty as to the existence of the judgment or lien, explain so in the DRP that supplements question 14M. If you would like to correct or update your personal information, you can manage your profile and subscriptions through our Privacy Center under the ” My Account ” dashboard.

We encourage you to read the legal notices posted on those sites, including their privacy policies. While he eventually made full restitution for the bad check and was able to enter and complete a pre-trial intervention program, he was still required to disclose the matter to his firm. By continuing to browse this website you accept the use of cookies. It seems that JavaScript is not working in your browser.

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Proposed Changes to FINRA Forms U4 and U5 – Proposed Changes to FINRA Forms U4 and U5 – SIFMA

Our Website and Services may contain links to other websites. Finding out the hard way I recently worked with a young advisor from a wirehouse in the Northeast. Investment Company Act of You can make a request to exercise any of these rights by emailing us at privacy jdsupra. For example, your employer may provide your information to finga, such as in connection with an article submitted by your employer for publication. It will incorporate consolidated registration and qualification rule changes, the new Securities Industry Essentials SIE exam, revisions to the representative-level qualification exams, changes to how related information is displayed in CRD, as well as supporting changes to Forms U4 and U5.


There are different types of cookies and other technologies used our Website, notably:. Gordy and Renee Kramer. They failed to properly implement the process until July Follow Please login to follow content. The proposed rule would apply to any ETF structured as an open-end fund and would apply to both index-based and actively managed ETFs.

To Disclose or Not to Disclose on Form U4, That is the Question

Truzzi, Senior Compliance Consultant. The proposed changes will most directly impact: Regulatory Update for October Eligible individuals will be responsible fodm providing FINRA their contact information, including a valid email address, and for updating such information.

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