Form U5 (Uniform Termination)

Form U5 (Uniform Termination Notice for Securities Industry Registration) is filed by a firm when a registered representative's employment is terminated. It discloses the reason for termination (voluntary, permitted to resign, or discharged) and any internal review or disciplinary action related to the departure. Accurate U5 reporting is critical as it affects the individual's ability to find new employment in the industry and populates their public BrokerCheck record.