Regulatory Reporting Requirements

What this video covers

• The 30-calendar-day deadline for firms to report specified events to the Financial Industry Regulatory Authority (FINRA), including written complaints alleging theft, misappropriation, or forgery
• The $15,000 and $25,000 settlement or judgment thresholds for arbitration and litigation reporting (individual rep versus member firm as defendant)
• The quarterly complaint statistics due date: 15th day of the month following each calendar quarter, or next business day if weekend or holiday
• The $5,000 claimed-damages threshold that triggers a Form U4 amendment for customer complaints alleging sales practice violations, and why merit is irrelevant
• Why a withdrawn complaint still must be reported on Form U4, with notation, if it originally met the dollar threshold
• The 10-day Form U4 filing deadline for statutory disqualification events versus the 30-day deadline for all other amendments
• The two exemptions from mandatory arbitration: statutory employment discrimination claims and whistleblower statute disputes, which require active party agreement