SIE Exam Question 157: Answer and Explanation

Question: 157

When must a Form U5 be filed?

  • A. At the time of employment with a member firm
  • B. At the time of termination of employment from a member firm
  • C. Annually for each registered representative employed by a member firm
  • D. Every three years for each registered representative employed by a member firm

Correct Answer: B

Explanation:

A Form U5 must be filed when a registered individual's employment with a member firm is terminated.

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