If a firm has only a main office (and no other locations), and the firm registers the main office as a branch office, how should the firm associate the individuals located at the main office?
The Form U4 requires all individuals to report in Section 1 (General Information) the Office of Employment where the individual is physically located. If the individual is physically located at only one location (i.e., the main office), there are two options: (1) If the main office qualifies as a branch office, select the branch office. (The Form BR for that branch will also indicate that the individual is associated with that branch); or (2) If the firm determines that the individual’s activities are limited to compliance, internal audit, or other non-sales or trading activities. Select BDMAIN or IAMAIN (i.e., the non-branch location of the main office).
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