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
When the FBI identifies a third successive fingerprint card as "Illegible,” FINRA requests that the FBI conduct a search of its database based on the associated person's name (Name Check) rather than on the fingerprints submitted
CodeExplanationCDPD*Firm provided barcode on form filing and awaiting receipt of fingerprints for processing.CLERFBI result indicating No Data was identified for fingerprints submitted.CLRXFBI result indicating No Data was identified based on Name Check search.COMPFINRA staff has completed review of CHRI identified by the FBI in response to fingerprints submitted.CMPXFINRA staff has completed
Fingerprint results are posted to an individual’s CRD record typically within 24-36 business hours after FBI receipt.Entitled users can view the status of fingerprint submissions in FINRA Gateway and CRD by selecting the Show Statuses button and accepting the special Terms and Conditions to view the FBI results. Viewing Criminal History Record Information (CHRI) requires the additional “View CHRI
Firms must submit fingerprints for individuals specified in Rule 17f-2 of the Securities and Exchange Act of 1934. Firms can submit fingerprint information electronically or by using hardcopy fingerprint cards.
SummaryFINRA has adopted amendments to conform its rules to the Securities and Exchange Commission’s (SEC) amendments to Rule 15c6-1 and adoption of Rule 15c6-2 under the Securities Exchange Act of 1934 to shorten the standard settlement cycle for most broker-dealer transactions from two business days after the trade date (T+2) to one business day after the trade date (T+1). The amendments revise
