As discussed in more detail below, the effective date for the new regulatory action disclosure questions was November 14, 2009.For additional information about the revised Forms, please review the answers to .Update Regarding Electronic Filing Requirements for Uniform Forms: The signature requirements associated with the filing of the uniform registration forms are found in FINRA Rule 1010 (formerly NASD Rule 1140) and on the respective forms.The effective date of FINRA Rule 1010 is July 27, 2009.FINRA charges a late disclosure fee when a firm fails to report a disclosure event in a timely manner.Firms can allow their RRs to edit a pending Form U4 filing in Web CRD.FINRA and U4 Reporting: Do you have a target on your back?FINRA member firms will soon face obligations set forth in FINRA Rule 3110(e), which takes effect on July 1, 2015 and requires that firms verify the accuracy and completeness of the information contained in an applicant's Form U4.
As such, former registered representatives are required to report residential address changes to FINRA for two years following their termination date or last Form U5 amendment.Then the RR may submit the filing back to the firm for final review and submission of the form by the firm. I have an interesting problem- I am set up as a RIA (dropped the seven). I have been really impressed with this person and she come highly recommended. See Regulatory Notice 09-23 for complete information.The amendments, among other things, include the addition of six new regulatory action disclosure questions (14C (6), (7) and (8) and 14E (5), (6) and (7)) that enables FINRA and other regulators to identify more readily persons subject to a particular category of statutory disqualification under the federal securities laws and the FINRA By-Laws.The answers to these questions are general in nature (not state specific), are not intended as a comprehensive review of this topic and do not include or account for all of the exceptions or variances involved in filing a Form U4 to register an individual as an investment adviser representative of a registered investment advisor firm.