As many an Associated Person working in the securities industry can attest, even a seemingly benign Form U5 filed by a former employer can become an impediment to future employment. The Financial Industry Regulatory Authority ("FINRA") requires its member organizations to provide "timely, complete and accurate information on [a) Form U5 ... no later than 30 days after terminating an Associated Person's registration." This information is recorded in each Associated Person's CRD file, and is made available to other member organizations for them to use to make "informed employment decisions." ...   

more >
























Related Practices

Securities Enforcement and Litigation