Disciplinary actions concerning a registered representative are reported through which form?

Disciplinary actions concerning a registered representative are reported through which form?

• A. Form U5
• B. Form U4
• C. Form ADV
• D. Form 10-K

Answer: (B)

The appropriate form used to report disciplinary actions concerning a registered representative is Form U5. This form specifically serves as the official notification to the Financial Industry Regulatory Authority (FINRA) and other regulatory bodies when a registered representative's association with a member firm is terminated for any reason. It must detail the circumstances surrounding the termination, including any disciplinary actions taken against the individual. Form U4, while related, is utilized for the registration process of an individual to become a registered representative and does not serve the purpose of documenting disciplinary actions. Form ADV is primarily for investment advisers to register with state regulators and the SEC, focusing on the adviser's business practices rather than individual representatives. Meanwhile, Form 10-K is a comprehensive annual report filed by publicly traded companies to provide a detailed overview of their financial performance and is not relevant to individual disciplinary actions.

The appropriate form used to report disciplinary actions concerning a registered representative is Form U5. This form specifically serves as the official notification to the Financial Industry Regulatory Authority (FINRA) and other regulatory bodies when a registered representative's association with a member firm is terminated for any reason. It must detail the circumstances surrounding the termination, including any disciplinary actions taken against the individual.

Form U4, while related, is utilized for the registration process of an individual to become a registered representative and does not serve the purpose of documenting disciplinary actions. Form ADV is primarily for investment advisers to register with state regulators and the SEC, focusing on the adviser's business practices rather than individual representatives. Meanwhile, Form 10-K is a comprehensive annual report filed by publicly traded companies to provide a detailed overview of their financial performance and is not relevant to individual disciplinary actions.