Which of the following events requires reporting on a Form U4?
A.
A misdemeanor speeding ticket
B.
A felony conviction for drunk driving
C.
A bench warrant for missing a court date
D.
A gross-misdemeanor domestic assault conviction
The Answer Is:
B
This question includes an explanation.
Explanation:
Form U4 (Uniform Application for Securities Industry Registration or Transfer) requires disclosure of any felony convictions, regardless of whether they are securities-related. A felony conviction for drunk driving falls under this requirement.
B is correct because a felony conviction must be reported on Form U4.
A is incorrect as misdemeanor speeding tickets do not require disclosure unless they involve fraud, theft, or dishonesty.
C is incorrect as bench warrants are not reportable unless they lead to a conviction.
D is incorrect because gross misdemeanors (except those involving fraud or dishonesty) do not require reporting.