Willfully failed to amend his Form U4 to disclose material facts

Oct 23, 2010 3:20 am

What does that mean? And, why do people get barred for this? Any examples?

Oct 23, 2010 4:36 am

Did not report outside business activities would be my first guess. If anything changes from last time your U4 was processed then you must amend it.

Oct 23, 2010 3:03 pm

Yup, outside activity, but also reporting a felony or bankruptcy among other things.