SIE practice questioneasyForm U4
Form U4 is used for which of the following purposes?
- ATo register an associated person with a broker-dealer and applicable SROs✓ Correct answer
- BTo file a broker-dealer's annual financial statements
- CTo terminate an associated person's registration
- DTo report a customer complaint to FINRA
Explanation
Why A — To register an associated person with a broker-dealer and applicable SROs
Form U4 (Uniform Application for Securities Industry Registration or Transfer) is used to register individuals as associated persons of a broker-dealer with FINRA and other self-regulatory organizations (SROs). Form U5 is the termination form. Customer complaints have separate reporting requirements, and financial statements are filed through FOCUS reports.
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