Practice Quiz

FINRA Series 6

Category - Series 6

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When a broker-dealer hires a new agent, it must submit:
  1. a U-4 form that includes information about the agent’s name, address, education, and employment history.
  2. a U-5 form that includes information about the agent’s name, address, education, employment history, and marital status.
  3. an REP form that includes information about the agent’s name, address, education, and employment history.
  4. a U-4 form that includes information about the agent’s name, address, and employment history.
Explanation
Answer: D - When a broker-dealer hires a new agent, it must submit a U-4 form that includes information about the agent’s name, address, and employment history. The form must also include information on any felony charges or securities-related misdemeanors, but it does not include anything about the agent’s education or marital status. The U-5 form, which is filed when an agent is terminated, would include this additional information.
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