Reporting Obligations: The Firm Event-Reporting Rule

What this video covers

• Why the firm event-reporting rule uses 30 calendar days (not business days) and what "knows or should have known" means for starting the clock
• Which five event categories trigger a report: regulatory findings, written complaints alleging theft or forgery, internal-investigation conclusions, settlements or awards above threshold, and criminal charges
• Why findings by FINRA itself are excluded from the regulatory-action trigger, since FINRA already knows its own findings
• How the post-termination investigation rule works: a rep who resigns mid-investigation does not escape reporting if the firm later concludes a violation occurred
• The quarterly complaint report deadline: 15th calendar day after quarter-end, and how it layers on top of the 30-day event reports
• How the duplicate-filing safe harbor works between Form U4 and the 30-day event report (safe harbor removes duplicate filing, not the underlying disclosure)
• The threshold triangle: $5,000 for Form U4 customer complaint disclosure, $15,000 for settlements or awards against an associated person, $25,000 for settlements or awards against the firm