An arrest without a charge is not a disclosable matter on the Form U4.
FORBES: Stockbroker Sidesteps Felony But Trips Over Misdemeanor
What is missed is that the AWC states that you willfully failed to amend your Form U4.
FORBES: Unpaid Credit Card Bills Result In Stockbroker's Disqualification
What is missed is that the AWC states that you wilfully failed to amend your Form U4.
FORBES: Bankrupt Stockbroker Winds Up Statutorily Disqualified
Over seven years, Tucker was responsible for eleven false and misleading Forms U4.
FORBES: Undisclosed Bankruptcies,Tax Liens and Judgments Derail Stockbroker
Lately, FINRA seems to be on a tear when it comes to investigating and charging for the non-disclosure of liens and judgments on the Form U4.
FORBES: Undisclosed Tax Liens And State Regulatory Action Trip Up Stockbroker
It will be interesting to see whether FINRA subsequently brings a regulatory action against its member firm IPI for defaming a registered person on Forms U4 and U5.
FORBES: FINRA Arbitration Claimant Stipulates to Defaming Former Employee
Tucker failed to disclose his two bankruptcies, federal tax lien, three judgments, and one state tax lien on Forms U4, in violation of NASD Rule 2110 and IM-1001-1.
FORBES: Barred Stockbroker Barred Again For Wire Transfers From Elderly Client
After his felony charge and subsequent misdemeanor guilty plea and subsequent conviction, Yurkovskiy was required to amend his Form U4 within 30 days to disclose those three distinct events.
FORBES: Shoplifting $40 From Macy's Pinches Stockbroker's Career
If you are found to have willfully (intentionally) failed to timely disclose a material fact as required on the Form U4, that conduct can expose you to a statutory disqualification.
FORBES: Stockbroker Disqualified Amid Borrowing, Liens And Judgments
If you are found to have wilfully (intentionally) failed to timely disclose a material fact as required on the Form U4, that conduct can expose you to a statutory disqualification.
FORBES: Bankrupt Stockbroker Winds Up Statutorily Disqualified
From August 23, 2008, to May 24, 2011, BIFS was required to file 25 Forms U4 or U5 , but failed to timely file in five instances by 8 to 440 days late.
As a result of the untimely Form U4 disclosures, Suber was deemed to have willfully violated Article V, Section 2(c) of the NASD and FINRA By-Laws of the Corporation and NASD IM-1000-1 and Rule 2110.
FORBES: Lovebird Stockbroker Absconds With Girlfriend Customer's Investment
Moreover, given the frequency with which industry members run afoul of the disclosure obligations for charges and convictions, it seems that the Form U4 needs to offer more detailed guidance as to what needs to be disclosed.
FORBES: Stockbroker Sanctioned For Nondisclosure Of Expunged Criminal Charges
Another late or failed U4 disclosure.
FORBES: FINRA Says Stockbroker Willfully Failed To Disclose Bankruptcy
He denied knowledge of and responsibility for the judgments, repeatedly avoided answering direct questions about the federal tax lien and his Form U4 disclosures, and said he disclosed his bankruptcies on some (though not all) of the Forms U4 he submitted.
FORBES: Undisclosed Bankruptcies,Tax Liens and Judgments Derail Stockbroker
Tucker consistently failed to acknowledge the wrongfulness of his conduct that he had a duty to respond fully and accurately on each of the Forms U4 that he completed and certified and that others were entitled to rely upon in terms of accuracy and completeness.
FORBES: Undisclosed Bankruptcies,Tax Liens and Judgments Derail Stockbroker
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