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DRPS
Employment History
U4 Files
Acronyms
Exams
100

This process secures the government's interest in your property when you do not pay your federal debt.

What is a Tax Lien?
100
This happens when there are employment gaps less than 3 months listed on an Applicant's Form U4.
What is a NIGO?
100
The BIG Report should be placed in this section of the U4 file.
What is Section 3?
100

A professional designation that measures the competence and integrity of the candidate.  Candidates are required to pass three levels of exams covering areas such as accounting, economics, ethics, money management and security analysis.

What is a 'Chartered Financial Analyst - CFA'?

100

This is the Uniform Securities Agent State Law exam administered by FINRA.

What is the Series 63 exam?
200

Illegal Offenses are “initially” revealed under this section of the Fingerprint report within the FINRA Gateway.

What is the DOJ page (or FBI page/Rapp sheet)?

200
The total number of years, with no gaps, required to complete employment history.
What is 10 years?
200
This form is filed when an agent discontinues their affiliation with a Broker Dealer.
What is a Form U5?
200

This is created by entering data from fingerprint cards and then such information is directly submitted to an automated system electronically. This information is then available for use by criminal justice agencies and other requests of a person’s criminal record.

What is the Criminal History Record Information [CHRI]?

200

The Uniform Investment Agent Law Examination administered by FINRA.

What is the Series 65 Exam?
300

This happens when derogatory events are not properly disclosed with an Applicant's previous Broker-Dealer.

What is a Rejection?
300
If an applicant receives one of these from an employer, the company must be listed in the employment history.
What is a W-2 or 1099?
300
This document should be the first item in Section 4 of the file.
What is the Pre-App?
300

This organization resulted from the merger of the New York Stock Exchange's regulatory committee and the National Association of Securities Dealers.

What is the Financial Industry Regulatory Authority (FINRA)?

300

The Uniform Combined State Law Examination.

What is the Series 66 exam?

400
Past due balances in this amount will result in an applicant being placed on the Watchlist.
What is $1,000?
400
When creating a new U4 file, the employment history dates in both of these systems should match.
What is the U4 and BIG?
400
A RED folder constitutes this type of file.
What is a TAT file?
400

This is the industry wide, self-regulatory organization for the U.S. derivatives industry, providing innovative and effective regulatory programs.

What is the National Futures Association (NFA)?

400

This introductory-level exam assesses a candidate’s knowledge of basic securities industry information including concepts fundamental to working in the industry.

What is the Securities Industry Essentials Exam (SIE)?

500
If no arrest record is found for the fingerprint transaction submitted to the FBI, the fingerprint code will come back as this.
What is CLER?
500
True or False.  An applicant's prior Broker Dealer must be listed on the U4.
What is False?
500
Explanations and court documents should be placed in this section of the U4 file.
What is Section 3?
500

An Advisor must disclose an OBA and an OBD promptly. These acronyms stand for...

What are Outside Business Activity and Outside Business Disclosure?

500

This exam allows an applicant to sell stocks, bonds and mutual funds and other asset backed securities.

What is the Series 7 Exam - General Securities Representative?