Instructions For Form U5 - Uniform Termination Notice For Securities Industry Registration

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INSTRUCTIONS
Rev. Form U5 (10/2005)
UNIFORM TERMINATION NOTICE FOR SECURITIES INDUSTRY REGISTRATION
CRIMINAL DISCLOSURE (Question 7C)
REGULATORY ACTION DISCLOSURE (Question 7D)
Form U5
CUSTOMER COMPLAINT/ARBITRATION/CIVIL
LITIGATION DISCLOSURE (Question 7E)
TERMINATION DISCLOSURE (Question 7F)
Uniform Termination Notice
8.
SIGNATURE
8A. FIRM ACKNOWLEDGMENT
for
8B. INDIVIDUAL ACKNOWLEDGMENT AND CONSENT
DISCLOSURE REPORTING PAGES (DRPs U5)
Securities Industry
(Full Terminations and Amendments Only)
CRIMINAL DRP
Registration
CUSTOMER COMPLAINT/ARBITRATION/CIVIL
LITIGATION DRP
INTERNAL REVIEW DRP
INVESTIGATION DRP
GENERAL INSTRUCTIONS
REGULATORY ACTION DRP
TERMINATION DRP
EXPLANATION OF TERMS
The Form U5 is the Uniform Termination Notice for Securities
Industry Registration. Broker-dealers, investment advisers, or
issuers of securities must use this form to terminate the
The following definitions apply to terms that are italicized
registration of an individual in the appropriate jurisdictions
in this form.
and/or
self-regulatory
organizations
("SROs").
These
instructions apply to the filing of Form U5 electronically with the
®
AFFILIATED means under common ownership or control.
Central Registration Depository ("CRD
") or the Investment
SM
Adviser Registration Depository ("IARD
"). Filers submitting
paper filings should read the Special Instructions for Paper
APPROPRIATE SIGNATORY means the individual the firm
Filers in conjunction with the other instructions to the form. In
authorizes to execute the individual's Form U5 on the filing
addition, paper filers should contact the appropriate jurisdiction
firm's behalf. The appropriate signatory must meet the criteria
and/or SRO for specific filing instructions or requirements.
established, if any, by the appropriate SRO or jurisdiction.
Filers must answer all questions and submit all requested
CHARGED means being accused of a crime in a formal
information, unless otherwise directed in the Specific
complaint, information, or indictment (or equivalent formal
Instructions. Only Section 2 (CURRENT RESIDENTIAL
charge).
ADDRESS), Section 7 (DISCLOSURE QUESTIONS) and
Disclosure Reporting Page(s) (DRPs U5) may be amended
DATE TERMINATED means the effective date of the
on this Form U5. If the Form U5 has been completed for a
termination of the registration or, in cases where registration
full termination, a copy of this form must be provided to
has not yet been made effective, the date of the withdrawal of
the terminated individual.
the application for registration.
For full termination filings, complete Section 7 (DISCLOSURE
DISCIPLINARY ACTION includes a formal action such as
QUESTIONS) and use the Disclosure Reporting Page(s)
denial, revocation or suspension of a registration, or a censure,
(DRPs U5) to provide details to the "Yes" answers. For partial
fine, cease and desist order, order of prohibition, temporary
terminations, disclosures should be made through the Form
restraining order, injunction, bar or expulsion, but does not
U4. Upon request, additional documents may be required to
include a minor rule violation, deficiency letter, examination
clarify or support responses to the form.
report, memorandum of understanding, letter of caution,
admonishment, and similar informal resolutions of matters.
Firms are under a continuing obligation to amend and update
Section 7 (DISCLOSURE QUESTIONS) until final disposition,
FEDERAL BANKING AGENCY shall include any Federal
including reportable matters that occur and become known
banking agency as defined in Section 3 of the Federal Deposit
after initial submission of this form. Amendments must be filed
Insurance Act (12 U.S.C. 1813(q)).
electronically (unless the filer is an approved paper filer) by
updating the appropriate section of Form U5.
FELONY, for jurisdictions that do not differentiate between a
felony or misdemeanor, is an offense punishable by a sentence
The Sections of the Form U5 are as follows:
of at least one year imprisonment and/or a fine of at least
$1,000. The term also includes a general court martial.
1.
GENERAL INFORMATION
2.
CURRENT RESIDENTIAL ADDRESS
3.
FULL TERMINATION
FILING FIRM means the firm named in Section 1 (GENERAL
4.
DATE TERMINATED
INFORMATION) on the Form U5.
5.
PARTIAL TERMINATION
5A. SRO PARTIAL TERMINATION
5B. JURISDICTION PARTIAL TERMINATION
FIRM means a broker-dealer, investment adviser, or issuer, as
6.
AFFILIATED FIRM TERMINATION
appropriate.
7.
DISCLOSURE QUESTIONS (Full Terminations and
Amendments Only)
FIRM CRD NUMBER is a unique number assigned to each firm
INVESTIGATION DISCLOSURE (Question 7A)
listed in the CRD or IARD systems.
INTERNAL REVIEW DISCLOSURE (Question 7B)
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