Form U5
Form U5 is the Uniform Termination Notice for Securities Industry Registration. A firm files it through CRD when a registered individual's association ends, stating the reason for termination and any disclosure information. It is the offboarding counterpart to Form U4.
Caddi AI agents start the clock from the real termination date and run the offboarding checklist. Free to try.
- Who handles it
- Broker-dealers and, in many states, investment advisers, on the termination of a registered individual.
- Filed through
- FINRA Gateway
- Applies to
- Broker-dealer, State-registered RIA, Dually registered
What the form asks for
- Identifying information for the individual and the firm
- Date and reason for termination
- Full or partial termination of registrations
- Disclosure questions
- Disclosure reporting pages where applicable
The work behind the filing
Start the clock from the actual termination date
The 30-day window runs from the termination, and the termination is recorded in HR, not in compliance. Caddi can watch the HR system and open the U5 work on the day the record changes rather than when someone notices.
Run the offboarding checklist alongside the filing
A departure is never only a U5. It touches system access, household reassignment, the Part 2B supplement, and the delivery obligations that reassignment creates. Caddi can run the whole sequence from the same trigger.
Want help automating the filing and filling of these forms?
- Caddi fills the form with data pulled from Gusto, Salesforce, Practifi, and Wealthbox.
- It checks every field against the client record and the last filing, then hands your team a finished form to sign off and submit.
Get an email the day Form U5 changes
We check the SEC, FINRA, NASAA, and IRS forms, plus the custodian forms that are public, through the day. When a new version is published, you hear about it that day, with a link to the new file.
FAQs
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What is Form U5?
Form U5 is the Uniform Termination Notice for Securities Industry Registration, filed through CRD when a registered individual's association with a firm ends.
Why do firms hear about a U5 late?
Because a termination is an HR event before it is a compliance event. Someone leaves, HR processes the exit, and the filing obligation lands on a team that was not in the loop. Firms that automate the handoff treat the HR system as the trigger rather than waiting for an email.
Can a Form U5 be amended after it is filed?
Yes. If the firm later learns information that would have changed the answers, it files an amended U5.
Does Caddi file this form for me?
No. Caddi does not submit filings to IARD, FINRA Gateway, EDGAR, or any regulator, and it is not a substitute for your compliance program or your CCO. Caddi automates the work around the filing: gathering the underlying data out of your portfolio, CRM, and document systems, reconciling it against the prior filing, flagging what changed, and evidencing delivery. A human still reviews and files.
Related forms
This page describes what the form is and the work it creates. For requirements, deadlines, and whether any of it applies to your firm, see FINRA — Form U5.