SIE Exam Question 555: Answer and Explanation

Question: 555

Which of the following forms must broker-dealers, investment advisers, or issuers of securities fill out in order to terminate the registration of an individual in the appropriate jurisdiction? It is also known as the Uniform Termination Notice for Securities Industry Registration.

• A. Form U4
• B. Form U5
• C. Form U6
• D. Form U7

Correct Answer: B

Explanation:

Broker-dealers, investment advisers, and issuers of securities must fill out form U5 in order to terminate the registration of an individual in the appropriate jurisdiction. It is also known as the Uniform Termination Notice for Securities Industry Registration.