Employee Conduct and Reportable Events: Rapid Fire

What this video covers

• Who files Form U4 and Form U5, when each is filed, and the 30-day deadlines for filing and updating
• What triggers a U4 update, including felony and securities-misdemeanor charges (not just convictions) and the $5,000 complaint disclosure threshold
• How written customer complaints are defined, including texts and emails to personal devices, and the 4-year record retention requirement
• The distinction between outside business activity (OBA), which requires only prior written notice, and private securities transactions (selling away), which require approval and supervision when compensation is involved
• The pay-to-play rule: the $250 per election de minimis limit, the voting-for requirement, and the 2-year firm ban for violations
• The $300 annual gift cap per person and how presence transforms a gift into business entertainment with no dollar limit
• Why both the individual and the firm have separate reporting duties and why "should have known" creates firm liability