FINRA Files Proposed Rule Change to Amend Form U4

FINRA has filed a proposed amendment to Form U4, Uniform Application for Securities Industry Registration or Transfer, regarding the reporting of unsatisfied judgments and liens. The proposed rule change would amend Section 4 of the Judgment/Lien DRP to add a question regarding the date on which the registered representative learned of the judgment or lien. Member firms will have to report both the date on which the judgment or lien was filed with a court, and the date on which the registered representative learned of the matter.

See: Text of Proposed Rule Change; FINRA Rule Announcement.