Progress 4

Question 1

What is Form U4 and when should it be filled out?

Answer 1

registration application that must be filled out before qualification exam, filled out after passing SIE, before next exam

Question 2

When can a person subject to Statutory Disqualification be hired in a registered capacity?

Answer 2

any time, an appeal can be filed with FINRA

Question 3

What happens if a RR enters military service?

Answer 3

they do not have to satisfy CE requirements
they continue receiving compensation
they cannot contact customers

Question 4

Does passive income need to be reported on U4 Form?

Answer 4

No, but rental income should be reported if RR is actively involved with the property

Question 5

How does a firm report disciplinary action against a RR?

Answer 5

Report on U4, U4 can be updated as OBA changes, or disciplinary action is taken

Question 6

When interest rates are fluctuating, how do short-term rates compare to long-term rates?

Answer 6

short-term interest rates fluctuate more sharply than long-term rates
long-term prices are more affected than short-term prices

Question 7

How do you calculate ca