FINRA Information Notice: Late Disclosure Fee Related to Reporting of Judgment/Lien Events

FINRA has implemented new procedures regarding application of the late disclosure fee under Section 4(h) of Schedule A to the FINRA By-Laws to the reporting of judgment/lien events on Forms U4. Under the new procedures, FINRA is requesting that member firms provide the date the registered person learned of the judgment/lien on Form U4 when reporting such events and will assess the late disclosure fee based on that date.

Effective Date: August 13, 2012

View notice in full here(links externally to FINRA website).