Additional Fingerprint Submissions

Under Section 17(f)(2) of the Securities Exchange Act of 1934, (15 USC 78q(f)(2)), and Exchange Rule 17 f-2 thereunder, as amended, firms may be required to submit additional fingerprints if fingerprints are  determined to be that the prior submission(s) are illegible or classified as rejected. The process for submitting additional fingerprints differs for broker-dealers and funding portals.

Funding Portals

Funding portals should review the EFP Quick Reference Guide for Funding Portals for their fingerprint resubmission process.

Broker-Dealers

CRD systematically tracks circumstances where  additional  fingerprints are required  when previous fingerprints were determined to be illegible (ILEG) or rejected (REJT) by the FBI.

When an illegible or rejected fingerprint status is posted to CRD, the registration status is automatically changed from "Approved Pending Results" back to "Approved Pending Prints" and the 30-day clock is reset. The firm must submit a new set of fingerprints for the individual within 30 days of the illegible or rejected status.

If subsequent fingerprints are not received and processed within 30 days, the individual's registration status will change to "Inactive Prints." Individuals must suspend any business they are conducting until their registration returns to one of the “Approved” statuses. Individuals who remain “Inactive Prints” for two years will have their registration terminated and the status will change to “Terminated No U5” (T_NOU5).

A Name Check may be requested by FINRA if certain conditions are met. To request an FBI Name Check, the FBI requires that at least one set of fingerprints for an individual be identified by the FBI with a reason that permits a Name Check to be requested. When the FBI provides an eligible reason for a Name Check, CRD and FINRA Gateway are updated with the information, and FINRA’s Document Services Team will request a Name Check.  Firms should be aware that if more than 365 days passed between the second and third fingerprint submissions, an additional submission may be requested to satisfy FBI processing requirements. There is no fee for Name Checks.

The following table provides the timeline and subsequent registration status associated with illegible or rejected fingerprints. Additional information regarding illegible and rejected fingerprints can be found on the Fingerprints page.