8.2.3.2. Personal History and Form U4
All associated persons must file a Uniform Application for Securities Industry Registration (Form U4), either as part of a firm’s initial application for FINRA membership or later upon being hired or promoted by a securities firm. Bank dealers file a completed Form MSD-4 to their appropriate regulatory agency.
Form U4 contains detailed personal information, including:
• Physical characteristics (height, weight, hair, and eye color)
• Residential history
• Employment history and other businesses
• Criminal history
• Civil judicial proceedings
• Bankruptcy judgments and liens
• Customer complaints
• Prior termination due to improper behavior
• Financial disclosures, such as bankruptcy proceedings
The information submitted in the appropriate form must be materially accurate and complete. If any of the information changes, the associated person must report the change. A broker-dealer must verify the compl