Registration and Post-Registration Requirements
Chapters in this video
- 0:00 Why Avery the Agent cannot sell without a registered employer
- 1:08 Form U4 and CRD: the application pathway
- 1:26 30 days at noon and the December 31 expiration trap
- 2:14 Bonding: agents are not categorically exempt
- 2:37 USA promptly versus FINRA deadlines: felony edition
- 4:30 Agent versus IAR: who does what and who gets paid how
- 5:42 Form U5 termination: the employer files in 30 days
- 6:30 Summary suspension: immediate effect, hearing on request
- 7:25 The two-prong revocation test: statutory ground plus public interest
- 8:24 One-year withdrawal jurisdiction and the two-year exam rule
- 9:51 Rapid-fire exam recap
What this video covers
- Why an agent's registration is ineffective without association with a specific registered broker-dealer or issuer
- The 30-day-at-noon rule for agent registration effectiveness, and the administrator's power to accelerate or delay it
- Why every agent registration expires on December 31 regardless of when it was issued
- The two-prong test for denial, suspension, or revocation: a statutory ground plus a public-interest finding
- How the Uniform Securities Act (USA) "promptly" standard for amendments contrasts with FINRA's specific Form U4 deadlines (10 days for convictions, 30 days for charges)
- Why the employer files Form U5 within 30 days of termination, not the agent
- What happens during the one-year post-withdrawal window when the administrator retains jurisdiction for willful violations
Read the full lesson, free
This video's complete written lesson is free to read in the CertFuel app, no signup wall. The complete Series 65 course also includes adaptive practice questions and spaced-repetition flashcards, free through December 31, 2026.