Regulatory FrameworkQuestion 379 of 398
A registered representative changes her residential address and also is charged with a felony. Which of these events requires an amendment to her Form U4?
a.Only the change of residential address
b.Both the change of address and the felony charge
c.Only the felony charge
d.Neither event requires an amendment
Explanation
Form U4 must be kept current, so material changes such as a residential address change and reportable events like a felony charge both require timely amendments. Disclosure events generally must be updated within 30 days of the firm learning of them, and certain statutory disqualification events must be reported promptly. Keeping the U4 accurate is a shared responsibility of the firm and the individual.
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