Michael J. Betts LLC

Securities and financial fraud consultation: 412-899-6827

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Experienced Securities And Financial Fraud Lawyer In Pittsburgh, PA

Michael J. Betts

Trusted Representation For Disputed Form U4 And U5 Disclosures In Pittsburgh

Attorney Michael J. Betts represents financial advisers, brokers and other securities professionals in disputes arising from disclosures (or alleged lack of disclosures) on Forms U4 and U5. In Pennsylvania, these disputes may be employment-related, involving issues between the professional and his or her employer, or may arise from an investigation or enforcement proceeding initiated by the Securities and Exchange Commission (SEC), Financial Industry Regulatory Authority (FINRA) or a state regulator.

What Are Form U4 And Form U5?

Form U4, also known as the “Uniform Application for Securities Industry Registration or Transfer,” is a form that FINRA member firms are required to file on behalf of their current associated persons (registered representatives). The form requires various disclosures about the financial professional and his or her background, and must be amended to reflect changes in any of the information that must be disclosed.

Form U5, on the other hand, is the “Uniform Termination Notice for Securities Industry Registration.” This is a document FINRA member firms must submit no later than 30 days after a registered representative’s employment ends. This filing is mandatory, regardless of the reason for the termination, and is also required for voluntary resignations.

Protecting Your Career From False Disclosures

Disputes frequently arise from disclosures made (or not made) on Forms U4 and U5. Such disputes may relate to:

  • Disagreements between a securities professional and the brokerage firm through which he or she is registered concerning the scope of disclosures that are required
  • Allegations made by a regulator – the SEC, FINRA or a state securities regulator – that the disclosures in a Form U4 or U5 are incomplete or misleading

Erroneous disclosures on Forms U4 and U5 can be expunged in certain circumstances. Attorney Michael J. Betts is experienced in representing securities professionals in expungement proceedings filed with FINRA or in court.

In certain cases, false and defamatory statements on a Form U4 or U5 can give rise to claims for defamation. Attorney Michael J. Betts also has extensive experience in representing financial advisers, brokers and other securities professionals, helping them pursue claims for defamation arising from false disclosures.

Get Strategic Guidance: Call Michael J. Betts LLC Today

Disputes related to Forms U4 and U5 disclosures can have serious consequences, and your career and reputation may be on the line. Work with a lawyer with decades of experience. Attorney Michael J. Betts can provide the trusted representation that securities professionals need to protect their careers. Contact his Pittsburgh office today by calling him at 412-899-6827 or sending an email.