Post-Registration Obligations for Agents
Chapters in this video
- 0:00 Why registration is not a one-and-done event
- 0:52 The correcting amendment duty and material inaccuracies
- 1:44 The change-of-employment exception to correcting amendments
- 2:40 Shared agent and BD responsibility for Form U4 updates
- 3:17 Felony charge versus conviction: which clock starts
- 4:04 FINRA fills in the days: 30-day versus 10-day deadlines
- 5:35 The December 31 expiration with zero exceptions
- 6:32 Acting as an unregistered agent after lapse
- 7:15 Rapid-fire exam recap
What this video covers
- Why a correcting amendment must be filed promptly when any filed document becomes materially inaccurate, and the single exception for changes of employment
- How the change-of-connection notice operates as a separate filing that removes the correcting-amendment duty for firm moves
- Why keeping Form U4 current is a shared responsibility between the agent and the employing broker-dealer (BD), and how failure to update is itself a standalone violation
- What triggers the 30-day Form U4 amendment deadline versus the expedited 10-day deadline for statutory disqualification events
- Why a felony charge (not conviction) runs on the 30-day clock while an actual conviction triggers the 10-day statutory disqualification timeline
- When agent registrations expire, why there are no exceptions to the December 31 date, and what constitutes unlawful activity as an unregistered agent
- How overlapping duties interact when renewal deadlines and reporting obligations collide near year-end
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