What can a firm do to avoid being assessed the Late Disclosure Fee?
• Firms should access their CRD Outstanding Disclosure Letter Notice Queue as soon as possible to identify and address aged disclosure requests. This Queue is available on the Web CRD Site Map in the “Firm Queues” section of the column heading “Individual.” Instructions for finding the Queue and a description of what is contained within the Queue can be found in the Firm Queues For Individuals Navigation Guide available on this Web Site. • Firms should concentrate on aged requests asking for disclosure of a new event or a status update to a previously reported event. • Firms should actively monitor their Outstanding Disclosure Letter Notice Queue to ensure that responses to CRD disclosure requests are submitted in a timely manner. • Firms should review the disclosure questions on Form U4 with their associated persons to ensure that they fully understand all questions and reporting requirements. • When disclosing a change in status to a previously reported disclosure event, firms should
Related Questions
- Will more than one Late Disclosure Fee be assessed if a single form filing contains more than one late disclosure (i.e., multiple Disclosure Reporting Pages (DRPs) reporting late disclosures)?
- Is the Late Disclosure Fee assessed in addition to the $95 Disclosure Review Fee?
- How will the Late Disclosure Fee appear in a firms CRD Transaction Detail?
