Dominate the Series 26 in 2026 – Master the Investment & Variable Contracts Challenge!

The correct timeframe for a member firm to review the Form U-5 after a registration application is filed is indeed 60 days. The Form U-5 is a termination notice that is filed by a member firm when a registered person's employment is terminated. It includes important information regarding the circumstances of termination and is critical for a future potential employer to assess the applicant's background.

Once a registration application is submitted for an individual previously registered, the member firm has 60 days to review the Form U-5 for any relevant discrepancies or issues that could affect the applicant's ability to be registered again. This review period is essential for ensuring that all details are aligned and that the previous termination does not have any implications that could hinder the application. This timeframe helps maintain a level of scrutiny regarding the applicant’s previous conduct while ensuring that firms are thorough in their vetting processes to uphold the integrity of the securities industry.