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Finra SIE Exam - Topic 3 Question 11 Discussion

Actual exam question for Finra's SIE exam

Question #: 11
Topic #: 3

[All SIE Questions]

Which of the following events requires reporting on a Form U4?

AA misdemeanor speeding ticket

BA felony conviction for drunk driving

CA bench warrant for missing a court date

DA gross-misdemeanor domestic assault conviction

Show Suggested Answer

Suggested Answer: B

Form U4 (Uniform Application for Securities Industry Registration or Transfer) requires disclosure of any felony convictions, regardless of whether they are securities-related. A felony conviction for drunk driving falls under this requirement.

B is correct because a felony conviction must be reported on Form U4.

A is incorrect as misdemeanor speeding tickets do not require disclosure unless they involve fraud, theft, or dishonesty.

C is incorrect as bench warrants are not reportable unless they lead to a conviction.

D is incorrect because gross misdemeanors (except those involving fraud or dishonesty) do not require reporting.

by Ruthann at Jun 11, 2025, 04:03 PM

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Roselle

8 months ago

Wait, a speeding ticket counts? That seems odd!

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Jutta

9 months ago

I agree, B and D are serious enough for sure.

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Anna

9 months ago

C is also reportable, right?

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Luisa

9 months ago

I think A is a bit of a stretch for Form U4.

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Edelmira

9 months ago

Definitely B and D need to be reported.

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Nina

9 months ago

I remember discussing that gross misdemeanors are treated more seriously than regular misdemeanors, so maybe D is the right choice?

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Jerry

10 months ago

I feel like bench warrants might also be significant, but I can't recall if they always need to be reported.

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Tonette

10 months ago

I practiced a question similar to this, and I believe felony convictions definitely require reporting, so I would lean towards option B.

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Erick

10 months ago

I think I remember that only serious offenses need to be reported on Form U4, but I'm not sure if a misdemeanor counts.

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Truman

10 months ago

This is a good test of my knowledge of regulatory reporting requirements. I'll methodically go through each option and evaluate whether it meets the criteria for a Form U4 filing based on my understanding of the rules.

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Eileen

10 months ago

Wait, I'm confused. I thought Form U4 was only for more serious criminal matters, not just any misdemeanor. Let me re-read the question and options carefully.

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Herminia

11 months ago

Okay, I've got this. The key is whether the event is a criminal conviction or warrant, not just a traffic ticket. I'm confident B and D are the correct answers here.

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Hershel

11 months ago

Hmm, I'm a bit unsure about the nuances here. I know Form U4 is used to report certain events, but I'll need to double-check the specific criteria to make sure I select the right answer.

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Stephaine

11 months ago

This seems like a straightforward question about regulatory reporting requirements. I'll carefully review the options and think about the key criteria for when a Form U4 filing is required.

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Dorsey

1 year ago

Ah, the age-old question of what to report on a Form U4. A speeding ticket? Nah, that's just a speed bump in life. Felony drunk driving? Now we're talking serious business. A bench warrant? Sounds like someone's been skipping out on their civic duties. And domestic assault? Oof, that's a whole different level of trouble, my friend.

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Matthew

1 year ago

A misdemeanor speeding ticket? Pfft, that's like getting a free pass to go a little too fast. Felony drunk driving, on the other hand, that's a whole different ballgame. Bench warrant? That's like having a secret admirer with a restraining order. And domestic assault? That's like a bad reality TV show, gotta report that one for sure.

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Olive

12 months ago

B: Yeah, that's a serious offense that definitely needs to be reported.

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Ashlyn

12 months ago

A: Definitely B) A felony conviction for drunk driving.

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Levi

1 year ago

B: Yeah, that's a serious offense that needs to be reported.

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Matthew

1 year ago

A: Definitely B) A felony conviction for drunk driving.

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Elouise

1 year ago

I'm not sure, but I think it could also be D) A gross-misdemeanor domestic assault conviction. That sounds like something that should be reported too.

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Josephine

1 year ago

I agree with Trinidad. It makes sense because a felony conviction is a serious offense that should be reported.

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Trinidad

1 year ago

I think the answer is B) A felony conviction for drunk driving.

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Josefa

1 year ago

Alright, let's see... a misdemeanor speeding ticket? That's like getting a parking ticket, no biggie. Felony drunk driving? Oof, that's definitely a Form U4 situation. A bench warrant? Yikes, better get that taken care of before the authorities come knocking. And domestic assault? Forget about it, that's a hard pass.

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Jacki

1 year ago

Ooh, this one's a tricky one! I mean, a speeding ticket? That's like the equivalent of jaywalking these days. But a felony drunk driving? Now that's a real doozy. Gotta watch out for those bench warrants, though – they can really mess up your day.

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Izetta

1 year ago

C) A bench warrant for missing a court date

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Regenia

1 year ago

B) A felony conviction for drunk driving

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Raymon

1 year ago

A) A misdemeanor speeding ticket

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Ben

1 year ago

Well, let's see... a misdemeanor speeding ticket? Nah, that's just a slap on the wrist. A felony drunk driving conviction? Definitely worth reporting. Bench warrant for a missed court date? Hmm, I guess that's kinda serious too. Domestic assault? Yikes, that's a big no-no!

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Mabel

1 year ago

C) A bench warrant for missing a court date

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Ettie

1 year ago

B) A felony conviction for drunk driving

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