Does a firm have to wait for a state to approve an individual who has transitioned before submitting the Form U4 Amendment filing for the individual?
No. The firm may submit the Form U4 Amendment filing before a state approves the Transition Filing. 4. An individual is leaving Firm A to work for Firm B. Firm B relicenses that individual and, in doing so, updates the DRP. Firm A has not yet submitted a Form U5 for that individual. What is Firm A’s responsibility? Does Firm A need to concur or amend the information prior to submitting a Form U5? Firm A must submit either a Concurrence Filing or an Amendment Filing before it terminates the individual while the firm association remains open. If Firm A does not concur or amend before it terminates the individual, the termination does not resolve the discrepancy. If Firm A does not concur or amend within 30 days, regulators will be consulted to resolve the discrepancy. 5. What filing type should I choose if my firm is hiring an individual as an RR, and the individual is only registered as an RA with another firm and plans to maintain the RA registration with that firm? Your firm should su
Related Questions
- Does a firm have to wait for a state to approve an individual who has transitioned before submitting the Form U-4 Amendment filing for the individual?
- After a firm transitions an individual onto Web CRD, does the firm need to file a Form U-4 Amendment for the individual?
- What should a firm do if it realizes it forgot to add a state for an individual it has already transitioned?
