SERIES-6 practice question 30 of 35

When a broker-dealer hires a new agent, it must submit:

Answer options

A: a U-4 form that includes information about the agent’s name, address, education, and employment history.

B: a U-5 form that includes information about the agent’s name, address, education, employment history, and marital status.

C: an REP form that includes information about the agent’s name, address, education, and employment history.

D: a U-4 form that includes information about the agent’s name, address, and employment history. Correct answer

Correct Answer:

D. a U-4 form that includes information about the agent’s name, address, and employment history.

Explanation

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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