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March 4, 2026

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Last updated: March 4, 2026

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When an agent leaves a broker-dealer registered in the state to work f...

Question: When an agent leaves a broker-dealer registered in the state to work for another BD registered in the state, who is required to notify the Administrator?

By: Securities Institute Staff
Instructor
SIA Instructor Verified SIA Instructor
3 hours ago

 When an agent terminates employment with the current broker-dealer, the firm completes and files Form U5. When that is finished, the agent and the new broker-dealer complete and file Form U4. Therefore, the answer to an exam question is that the agent and both broker-dealers must/will notify the Administrator of the change of association.

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