Reporting Requirements to FINRA

What this video covers

• The strict chain of command: why the associated person reports to the firm, and the firm alone reports to FINRA, not the other way around
• The 30-calendar-day event-reporting clock, what starts it, and how it differs from registration amendment timelines like the Form U4 clock
• What counts as a formal finding versus an informal resolution, and why consent decrees and settlements trigger the clock while deficiency letters do not
• The $2,500 minor rule violation exclusion, the $2,500 internal discipline threshold, and why these two identical dollar amounts operate in completely different contexts
• Civil litigation and arbitration thresholds: exceeding $15,000 generally, exceeding $25,000 when the firm itself is named, and how joint and several liability prevents splitting the total
• The firm's own-conclusion report: when an isolated error is exempt and when widespread impact, material systems failure, or significant dollar amounts make it reportable
• The quarterly complaint statistics deadline and how the complaint standard differs for existing customers versus prospects the firm only sought to engage