Forms U4 and U5: Filing and Amendment Obligations

What this video covers

• The 60-day deadline for reviewing a new applicant's most recent Form U5, and why this is a firm supervisory-system requirement rather than a FINRA By-Laws provision
• The predispute arbitration clause disclosure rule: when it must be furnished in writing, and why amended U4s trigger the duty again
• Routine U4 amendments versus statutory disqualifying event amendments, and the critical 30-day versus 10-day distinction
• The specific triggers that compress the amendment window to 10 days: felony convictions, securities-related misdemeanors, regulatory bars or suspensions, and court injunctions involving securities activity
• Full versus partial Form U5 filings, and the mandatory reason-for-termination categories
• FINRA's 2-year retention of jurisdiction over former associated persons for conduct during association, and how this differs from the unlimited U5 disclosure-questions amendment obligation
• The electronic-filing requirement for all Forms U4 and U5 through the Central Registration Depository (CRD)