FINRA announced today that as a result of a 2014 onsite exam, it found securities violations including various misleading sales pitches, customer account churning and other business misconduct at Global Arena Capital Corp.
SEA Rule 17f-2 generally requires your firm to submit fingerprints for each person who is a partner, director, officer or employee of your firm, subject to certain exceptions. Fingerprints are submitted on either FINRA approved fingerprint cards or electronically through a certified EFS vendor contracted with Sterling. Firms pay fingerprint fees by using E-Bill, FINRA's electronic billing
Proposed Rule Change to Amend FINRA Rule 8312 (FINRA BrokerCheck Disclosure) to Reduce the Waiting Period for the Release of Information Reported on Form U5
In January 2003, NASD’s Advertising Regulation Department contacted 64 NASD member firms to determine their level of compliance with the NASD and SEC rules that govern advertisements and sales literature for hedge funds and funds of hedge funds. Twenty-five firms responded that they had not used such communications during the subject time period. Thirty-nine firms responded with submissions of
FINRA Filing Requirements and Review of Regulation A Offerings
Firms do not receive hard copy fingerprint card search results. Instead, firms receive the dispositions, including CHRI details, electronically in their "Fingerprint Status Received from FBI Queue."
With Electronic Fingerprint Processing, FBI results (dispositions) are automatically uploaded into Web CRD®. The most common fingerprint statuses are described below.A status of CLER
In order to help firms manage fingerprint requirements for individuals, Fingerprint and Accounting Reports are available on Web CRD, as are the Firm Notice Queues.
Fingerprint Processing Fees
The following commercial vendors have successfully completed FINRA's Electronic Fingerprint Submission (EFS) certification testing from a technical standards perspective only. The vendors listed below currently are certified to participate in EFS. The list is intended to be used as a resource only. FINRA does not endorse or recommend any of the vendors on the list. Please note that broker-