Series 24 — General Securities Principal — All Questions

When a registered representative's employment with a member firm ends, the firm must file a Form U5:

• a.Within 5 business days and only if the person was terminated for cause
• b.Within 30 days, stating the reason for termination truthfully✓
• c.Only if the representative requests it
• d.Within one year of the departure

The firm must file Form U5 within 30 days of an associated person's termination, giving a truthful reason for the departure, and must amend it if new information later comes to light. Form U4 is the corresponding registration filing that must be kept current.