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Financial Services Broker Dealer Electronic fingerprinting

Financial Services Broker-Dealer
Electronic fingerprinting

FINRA processes fingerprints firms submit on behalf of their associated persons, who are required to be fingerprinted pursuant to Section 17f-2 of the Securities Exchange Act of 1934. The fingerprint requirements for funding portals differ slightly from broker-dealers; the information provided on this page and related links pertain to broker-dealers. Funding portals should review the Fingerprint Processing for Funding Portals page for their complete information.

Firms can submit fingerprint information to FINRA in two ways: electronically through FINRA’s Electronic Fingerprint Submission (EFS) Program or by using hard copy fingerprint cards. FINRA’s Electronic Fingerprint Processing (EFP) enables FINRA to electronically exchange fingerprint information with the FBI, which includes transmitting fingerprints to the FBI and receiving results for upload to Web CRD.

Please visit the FBI website for its fingerprinting policies and processes, including the FBI Privacy Act statement.

FINRA does not process fingerprint transactions for investment adviser (IA) firms. An IA-only firm must submit fingerprints directly to those states that require a fingerprint check for an RA registration. Contact the applicable state to verify state fingerprint requirements. Fingerprint submissions received by FINRA from an IA-only firm will not be returned to the firm.

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Banks and Financial Institutions
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Advanced Livescan Technology Inc.
Laws for federally chartered or insured banks (12 U.S.C. 1829) and credit unions (1785(d)) require financial institutions to take steps to avoid hiring an individual convicted of dishonest acts, (SEC 17 CFR Ch). (11 §240.17f-2) requires employees who handle securities to be fingerprinted. Consequently, all employees and contractors should be fingerprinted as a routine matter.

The FBI provides more information on Criminal History Record Information of Bank Employees and related entities See the FBI CHRI Checks on Bank Employees and Related Entities page.

Please contact us for more details on our FBI direct channeling solution for banking and financial institution electronic fingerprint processing.

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