Finra
A registered representative terminates employment with their broker-dealer. Which form must be filed to formally end the registration?
U-5 = "Unemployment" termination form. U-4 = registration form.
Complete Analysis & Legal Rationale
Form U-5 (Uniform Termination Notice for Securities Industry Registration) must be filed when a registered representative leaves a firm. Form U-4 is for initial registration, Form BD is for broker-dealer registration, and Form ADV is for investment advisers.
Distractor Autopsy (Why Other Options Are Traps)
FINRA exam writers design incorrect distractors using specific calculation mistakes and regulatory misconceptions. Review why each option succeeds or fails:
Does not match the governing concept in the explanation.
Matches the verified teaching point in the explanation.
Does not match the governing concept in the explanation.
Does not match the governing concept in the explanation.
Official Standard: Outline-level citation pending rule-specific upgrade. Verify against current FINRA materials.