U5/u4

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Mar 3, 2010 8:35 pm

I was terminated for incorrect expense reports. I
did not claim accurate personal use on my company car.  On my broker check
it do not list or say anything about a termination (clean). I can't find my U5
that they sent me. How do I answer the question below? Does a clean broker check mean I don't have to report this?

Termination Disclosure YES NO 

[b]14J.  Have you ever voluntarily [i]resigned[/i], been discharged or permitted to [i]resign[/i] after allegations were made that [/b]

[b]accused you of:[/b] [b]  [/b]

[b] [/b](1) violating [i]investment-related[/i] statutes, regulations, rules, or industry standards of conduct?  [b]O[/b][b] [/b][b]O[/b][b] [/b]

(2) fraud or the wrongful taking of property?  [b]O[/b][b] [/b][b]O[/b][b] [/b]

(3) failure to supervise in connection with [i]investment-related[/i] statutes, regulations, rules or industry standards of 

conduct?  [b]O[/b][b] [/b][b]O[/b][b] [/b]

[size= 11px; line-height: normal][b]
[/b][/size]
Mar 3, 2010 9:22 pm

I would consult a lawyer if you really want to answer this correctly (and minimize the chance that you will answer it incorrectly and it come back to bite you).
But..........
I have seen a good amount of FINRA cases lately where they snag a Rep for innaccurate expense reports.  Why does FINRA care you ask?  It means you've falsified records and prevented the firm from keeping accurate books and records.
So in my humble opinion, I would say yes you did violate investment-related rules.  Check your U5 before you do anything stupid, and run it by someone qualified that is not on an internet web forum.

Mar 4, 2010 8:47 am

You can also call the recruiter that you are working with and tell them what happened and ask how they would like you to report this.  Better yet, do it via e-mail.
Filling out same stuff and I am taking the approach that more is more.