SIE practice questionhardReporting bankruptcy filings
If a registered person files for personal bankruptcy, what is the reporting requirement?
- AReport to SIPC
- BNotify the SEC only
- CNo reporting is required
- DAmend Form U4 and notify FINRA within 30 days✓ Correct answer
Explanation
Why D — Amend Form U4 and notify FINRA within 30 days
All bankruptcy filings must be reported to FINRA via a Form U4 amendment within 30 days.
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