SIE Exam Question 483: Answer and Explanation

Question: 483

An individual applying for registration with a FINRA member firm would be required to include which of the following on Form U4?

• A. Educational background.
• B. 5-year residence history.
• C. A divorce.
• D. 5-year employment history.

Correct Answer: B

Explanation:

B: When submitting the U4 an individual is required to provide all residence information for the last 5 years. Educational background is not required. The divorce would not be reported. However, if the person changed their name as a result of the divorce, the name change would be reported.