Information Notice 8/17/12

Late Disclosure Fee Related to Reporting of Judgment/Lien Events

 

Effective Date: August 13, 2012

Executive Summary

Effective August 13, 2012, FINRA has implemented new procedures regarding application of the late disclosure fee under Section 4(h) of Schedule A to the FINRA By-Laws to the reporting of judgment/lien events on Forms U4. Under the new procedures, FINRA is requesting that member firms provide the date the registered person learned of the judgment/lien on Form U4 when reporting such events and will assess the late disclosure fee based on that date.

 

Questions regarding this Notice should be directed to the Gateway Call Center at (301) 869-6699.