Form Bd Uniform Application For Broker-Dealer Registration (Page 4 of 28) in pdf

regulate the participation of its members in the activities listed above.

PROCEEDING – Includes a formal administrative or civil action initiated by a governmental agency, self-regulatory organization or

a foreign financial regulatory authority; a felony criminal indictment or information (or equivalent formal charge); or a misdemeanor

criminal information (or equivalent formal charge). Does not include other civil litigation, investigations, or arrests or similar charges

effected in the absence of a formal criminal indictment or information (or equivalent formal charge).

CHARGED – Being accused of a crime in a formal complaint, information, or indictment (or equivalent formal charge).

ORDER – A written directive issued pursuant to statutory authority and procedures, including orders of denial, suspension, or

revocation; does not include special stipulations, undertakings or agreements relating to payments, limitations on activity or other

restrictions unless they are included in an order.

FELONY – For jurisdictions that do not differentiate between a felony and a misdemeanor, a felony is an offense punishable by a

sentence of at least one year imprisonment and/or a fine of at least $1,000. The term also includes a general court martial.

MISDEMEANOR – For jurisdictions that do not differentiate between a felony and a misdemeanor, a misdemeanor is an offense

punishable by a sentence of less than one year imprisonment and/or a fine of less than $1,000. The term also includes a special court

martial.

FOUND – Includes adverse final actions, including consent decrees in which the respondent has neither admitted nor denied the

findings, but does not include agreements, deficiency letters, examination reports, memoranda of understanding, letters of caution,

admonishments, and similar informal resolutions of matters.

MINOR RULE VIOLATION – A violation of a self-regulatory organization rule that has been designated as “minor’’ pursuant to a plan

approved by the U.S. Securities and Exchange Commission. A rule violation may be designated as “minor’’ under a plan if the

sanction imposed consists of a fine of $2,500 or less, and if the sanctioned person does not contest the fine. (Check with the

appropriate self-regulatory organization to determine if a particular rule violation has been designated as “minor” for these purposes).

ENJOINED – Includes being subject to a mandatory injunction, prohibitory injunction, preliminary injunction, or a temporary

restraining order.

Form Bd Uniform Application For Broker-Dealer Registration Page 4