How is a U5 applied when I resign?

Discussion in 'Politics & Religion' started by mike johnson, Jan 2, 2004.

  1. I have recently resigned from my firm and both the manager and CEO used the term U5. I have since read up on them and they seem to be used for termination. I resigned from the firm based on differences with the manager, and still plan on working in the industry with another firm. Should I agree to sign the U5?
  2. You don't have to do anything. A U5 just means that you are no longer registered with that same firm.

    No big deal. Just make sure that the U5 states that you left. That you were not "discharged for cause".

    No one stays with one firm for life. So you have U5s. And when you go to your next firm, you will have to re-file a new U4, which is a pain. But that's how it works.