Post-Registration Obligations

What this video covers

• Why registration is a starting line, not a finish line, and what "continuing obligation" means for an Investment Adviser Representative (IAR)
• How the 30-day "promptly" standard for IAR Form U4 amendments comes straight from the North American Securities Administrators Association (NASAA) Model Rule, not from the Uniform Securities Act (USA) alone or from Financial Industry Regulatory Authority (FINRA)
• When an initial or renewal application is actually considered filed: only after the Administrator receives both the required fee and all required submissions
• What events trigger a correcting amendment, including the critical distinction that criminal charges alone trigger it (a conviction is not required)
• Why written customer complaints involving sales-practice allegations must be reported even when the IAR believes they are meritless
• How federal covered advisers operate on the Securities and Exchange Commission (SEC) amendment timeline instead of a separate state clock
• Who carries the statutory recordkeeping and examination-cooperation duties: the investment adviser (IA) firm, not the individual IAR