Question

How long do securities regulators retain jurisdiction over a person after a U5 form is filed?

1) 180 days
2) 5 years
3) 10 years
4) 2 years

Answer 1

Securities regulators retain jurisdiction over a person for two years after a Form U5 is filed, indicating that option 4) 2 years is the correct answer.

Step-by-step explanation:

The question you've asked pertains to the duration of a securities regulators' jurisdiction over a person after a Form U5 is filed. Form U5 is the Uniform Termination Notice for Securities Industry Registration, used by broker-dealers to terminate the registration of an individual in the securities industry. According to FINRA rules, securities regulators typically retain jurisdiction over a person for two years following the filing of a Form U5. This means that the correct answer to your question is option 4) 2 years.