How to Report Disclosure Events - Rule 4530 (a, b)
FINRA Rule 4530(a) requires firms to promptly report specified events to FINRA no later than 30 calendar days after the firm knows or should have known of their existence. FINRA Rule 4530(b) requires a firm to report to FINRA within 30 calendar days after the firm has concluded, or reasonably should have concluded, on its own that the firm or an associated person of the firm has violated any securities, insurance, commodities, financial or investment-related laws, rules, regulations or standards of conduct of any domestic or foreign regulatory body or self-regulatory organization. Filings received more than 30 calendar days will appear as late on the firm’s 4530 Disclosure Timeliness Report Card.
Firms must submit the specified events electronically via the FINRA Firm Gateway. Firms can use to online filing application to create and delete drafts, submit filings, and edit or amend filings for 30 days after submission.
Filers must provide the following information to submit a disclosure event report:
- Contact Name
- Contact Phone Number
- Event (Rule 4530 Disclosure Event Codes)
- Allegation Activity Period
- Discovery Date
- "Related To" box must be checked
- Details of Disclosure Event
Any technical questions, concerns, or entitlement issues about form filing applications can be directed to the FINRA Help Desk at (800) 321-6273.
Other Filing Methods
Using Form U4 to Report Certain Events
FINRA Rule 4530(e) provides an exception for specified events reported as part of the Form U4. For details about using this new function see Regulatory Notice 13-08 and CRD Frequently Asked Questions.
File Batch Upload Method for Disclosure Events
Transmitting files via file transfer protocol (FTP) Batch Submission enables FINRA member firms to submit a large volume of filings directly to a secure server and to automate and streamline the submission process. Firms with a high volume of filings may find that batch submission is more efficient than manually submitting individual pieces to FINRA using the online filing application.
See the Batch Upload Instructions for instructions on submitting filings via SFTP. In order to import a filing containing one or more complaints, the file must adhere to FINRA's XML Format for 4530 Disclosures. See the valid list of Rule 4530 Disclosure Event Codes required for specified events.