What must be disclosed on Form U4?
What must be disclosed on Form U4?
In Items 14A and 14B of the U4, applicants must disclose information about certain criminal charges and convictions, including disclosure of all felony convictions and certain misdemeanor convictions.
How do I fill out a U4 form?
To complete a Form U4, you will need to provide the following information:
- Individual name.
- Individual CRD #
- Firm name.
- Firm CRD #
- General Information. First name. Middle name. Last name. Firm CRD # Firm name. Employment date. Firm billing code.
- Fingerprint information.
- Registration with unaffiliated firms.
- SRO Registrations.
What do I report on U4?
Form U4 Disclosure Obligations
- Outside Business Activities.
- Liens / Judgments / Bankruptcies.
- Address Changes.
- Criminal Disclosures.
- Complaints.
- Periodic Review and Verification.
- Failure to Disclose on Form U4.
What is Form U4 used for?
The Form U4 is the Uniform Application for Securities Industry Registration or Transfer. Representatives of broker-dealers, investment advisers, or issuers of securities must use this form to become registered in the appropriate jurisdictions and/or SROs.
Who needs to file U4?
Form U4 is the Uniform Application for Securities Industry Registration or Transfer. Representatives of broker-dealers, investment advisers, or issuers of securities must fill out the Form U4 to become registered in the appropriate jurisdictions and/or SROs.
What is a U4 amendment?
The Form U4 (Uniform Application for Securities Industry Registration or Transfer) is used to establish that registration. FINRA, other self-regulatory organizations (SROs) and jurisdictions use the Form U4 to elicit employment history, disciplinary and other information about individuals to register them.
Are U4 public?
However, once a securities regulator has approved a Form U4 filing, this will become a public record accessible via the Investment Adviser Public Disclosure (“IAPD”) website.
Is Form U4 public?
How long does the U4 process take?
The typical timeframe is 2-3 weeks to receive a decision from FINRA. The process can take longer if Tina provides inaccurate or incomplete information on the form. After Jason provides an overview of the form, Tina begins completing her U4 form online.
Are Form U4 public?
As of July 2018, FINRA now conducts its public records review at the time that a Form U4 is submitted and contacts the applicant’s firm within 15 calendar days of the application if that review indicates that information on the Form U4 may be missing or contains discrepancies.
Do I need to amend my U4?
if any information changes or becomes inaccurate. This is done by submitting a Form U4 amendment electronically through Web CRD unless the filer is an approved paper filer. The Form U4 must be amended within 10 days of learning of a statutory disqualifying event.
Do I need to disclose on an U4 form?
Form U4 Items 14A and 14B – Criminal Disclosure. In Items 14A and 14B of the U4, applicants must disclose information about certain criminal charges and convictions, including disclosure of all felony convictions and certain misdemeanor convictions.
What is an U4 disclosure?
It describes the education, disciplinary history and business experience of the professional. The other major disclosure form for financial advisors is Form U4, which is used by broker-dealers and investment advisors, and includes similar information.
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