Form U-4 is a registration form that registered representatives and investment advisor representatives must file with the Financial Industry Regulatory Authority (FINRA) when they apply for or renew their registration with FINRA member firms. The form is also known as the “Uniform Application for Securities Industry Registration or Transfer.” It is used to provide FINRA with information about the background, qualifications, and any past disciplinary actions or legal proceedings of the individual who is applying for or renewing their registration.
The form contains various sections, including personal information, employment history, education and qualifications, and disclosure of any legal or disciplinary actions. The form also contains a section on fingerprinting, in order to conduct a background check on the individual.
Form U-4 is also used to update information if any changes occur in the registered representatives or investment advisor representatives employment history or personal information.
It is important to note that registered representatives and investment advisor representatives are required to answer all questions on Form U-4 truthfully and completely, and that failure to do so can result in disciplinary action by FINRA.« Back to Glossary Index