Updating Uniform Forms (Form U4 Amendments)

What this video covers

• What events trigger a Form U4 correcting amendment, from criminal charges and customer complaints to address changes and name changes
• Why the Uniform Securities Act (USA) requires updates only "promptly" but FINRA translates that to 30 days for ordinary amendments and 10 days for statutory disqualifications
• The exam trap that a felony charge alone triggers the amendment obligation, even without conviction, but remains on the ordinary 30-day clock, not the 10-day clock
• The explicit exception that a change-of-connection notice covers firm-to-firm moves, so no separate U4 amendment is required for the move itself
• Why a filing that was wrong when filed is a filing-deficiency ground for denial, suspension, or revocation with no willfulness required
• Why a filing that was accurate on day one but went stale later requires proof of a willful violation before the Administrator can penalize the registrant
• How to distinguish answer choices that incorrectly let the Administrator revoke for an innocently outdated filing on the wrong-when-filed ground