Updated Wednesday, July 30, 2014 as of 1:10 AM ET
Practice - Regulatory/Compliance
The Disclosure Dilemma
Sunday, January 1, 2012

An arbitration claim was recently filed against my former brokerage firm by one of my institutional clients. The complaint involves practices of the firm and doesn't allege that I did anything wrong, but because I happened to be the rep on the account, my name is mentioned in the complaint. I've been told I have to disclose this on my U4 but here's the thing: I'm now an investment adviser representative with a registered investment advisory firm and I don't have a U4. Do I have to disclose this and, if so, how?

— B.P., Oklahoma

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