Instructions For Form U5 - Uniform Termination Notice For Securities Industry Registration Page 2
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6INSTRUCTIONS
Rev. Form U5 (10/2005)
UNIFORM TERMINATION NOTICE FOR SECURITIES INDUSTRY REGISTRATION
PARTIAL TERMINATION means the termination of registration
FOREIGN FINANCIAL REGULATORY AUTHORITY includes
or registration category with one or more, but not all, SROs or
a foreign securities authority; any other governmental body or
jurisdictions.
foreign equivalent of a self-regulatory organization empowered
by a foreign government to administer or enforce its laws
PROCEEDING includes a formal administrative or civil action
relating to the regulation of investment-related activities; or a
initiated by a governmental agency, self-regulatory organization
membership organization, a function of which is to regulate the
or foreign financial regulatory authority, a felony criminal
participation of its members in investment-related activities
indictment or information (or equivalent formal charge), or a
listed above.
misdemeanor criminal information (or equivalent formal
charge), but does not include an arrest or similar charge
FULL TERMINATION means the termination of registration
effected in the absence of a formal criminal indictment or
with all self-regulatory organizations and all jurisdictions.
information (or equivalent formal charge).
INDIVIDUAL CRD NUMBER is a unique number assigned to
RESIGN or RESIGNED relates to separation from employment
each individual listed in the CRD or IARD system.
with any employer, is not restricted to investment-related
employment, and includes any termination in which the
INVESTIGATION includes: (a) grand jury investigations; (b)
allegations are a proximate cause of the separation, even if the
U.S. Securities and Exchange Commission investigations after
individual initiated the separation.
the “Wells” notice has been given; (c) NASD investigations
after the “Wells” notice has been given or after a person
SALES PRACTICE VIOLATIONS shall include any conduct
associated with a member, as defined in the NASD By-Laws,
directed at or involving a customer which would constitute a
has been advised by the staff that it intends to recommend
violation of: any rules for which a person could be disciplined
formal disciplinary action; (d) formal investigations by other
by any self-regulatory organization; any provision of the
SROs;
or
(e)
actions
or
procedures
designated
as
Securities and Exchange Act of 1934; or any state statute
investigations by jurisdictions. The term investigation does not
prohibiting fraudulent conduct in connection with the offer, sale
include subpoenas, preliminary or routine regulatory inquiries
or purchase of a security or in connection with the rendering of
or requests for information, deficiency letters, “blue sheet”
investment advice.
requests or other trading questionnaires, or examinations.
SELF-REGULATORY ORGANIZATION (“SRO”) means any
national securities or commodities exchange, any national
INVESTMENT-RELATED pertains to securities, commodities,
securities association (e.g., NASD), or any registered clearing
banking, insurance, or real estate (including, but not limited to,
agency.
acting as or being associated with a broker-dealer, issuer,
investment company, investment adviser, futures sponsor,
bank, or savings association).
SPECIFIC INSTRUCTIONS
INVOLVED means doing an act or aiding, abetting, counseling,
for completing the Form U5
commanding, inducing, conspiring with or failing reasonably to
supervise another in doing an act.
NOTICE TO THE INDIVIDUAL WHO IS THE SUBJECT OF
THIS FILING
JURISDICTION means a state, the District of Columbia, the
Note: Even if you are no longer registered, you continue to
Commonwealth of Puerto Rico, or any subdivision or regulatory
be subject to the jurisdiction of regulators for at least two
body thereof.
years after your registration is terminated and may have to
provide information about your activities while associated
MINOR RULE VIOLATION is a violation of a self-regulatory
with this firm. Therefore, you must forward any residential
organization rule that
has been designated as “minor”
address changes for two years following your termination
pursuant to a plan approved by the U.S. Securities and
date or last Form U5 amendment to: CRD Address
Exchange Commission. A rule violation may be designated as
Changes, CRD P.O. Box 9495, Gaithersburg, MD 20898-
“minor” under a plan if the sanction imposed consists of a fine
9495.
of $2,500.00 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
1.
GENERAL INFORMATION SECTION
designated as “minor” for these purposes.
First Name.
Enter the individual’s first name. Do not use
MISDEMEANOR, for jurisdictions that do not differentiate
between a felony or misdemeanor, is an offense punishable by
nicknames or abbreviations or make modifications to the
a sentence of less than one year imprisonment and/or a fine of
individual’s first name.
less than $1,000. The term also includes a special court
martial.
Middle Name. If the individual has a middle name, specify the
full middle name. Do not use nicknames or abbreviations or
make modifications to the individual’s middle name. If the
MULTIPLE TERMINATION applies when an individual is to be
individual does not have a middle name, leave this field blank.
terminated with more than one firm under common ownership
or control. To effect a multiple termination, list the primary firm
Last Name.
Enter the individual’s last name. Do not use
in Section 1 (GENERAL INFORMATION) and list all other
nicknames or abbreviations or make modifications to the
affiliates with which the individual is registered in Section 6
individual’s last name. Include punctuation when and where
(AFFILIATED FIRM TERMINATION). Multiple termination is
appropriate.
available only to those firms who have reported such common
ownership under Form BD Item 10 and Schedule D.
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