Form U4
This form must be filed for each of a firm’s registered employees. Form U4 contains detailed personal information, including:
• Physical characteristics
• Residential history
• Employment history and other businesses
• Criminal history
• Civil judicial proceedings
• Bankruptcy judgments and liens
• Customer complaints
• Prior terminations due to improper behavior
• Financial disclosures, such as bankruptcy proceedings and “compromises with creditors” (for example, settling a debt for 50 cents on the dollar)
A person may not include inaccurate or misleading information in her application or leave out information that would in any way mislead.
FINRA Rule 1122 and MSRB Rule G-7
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