FINRA Fingerprint Process Change
FINRA’s new fingerprint process for broker-dealer firms and funding portals became effective 7 a.m. ET on Dec. 6, 2021, consistent with the fingerprint plan filed with and declared effective by the SEC. Under the new process, broker-dealers and funding portals must route fingerprints to Sterling, FINRA’s designated fingerprint provider. Sterling processes and submits fingerprints to the Department of Justice (FBI) for broker-dealer firms and funding portals. Benefits of this process change include state-of-the-art technology, processing efficiencies and reduced pricing for firms.
The FINRA broker-dealer (BD) registration process covers a firm's full life cycle, from meeting initial membership standards to updating and renewing its registration. This page offers guidance to broker-dealer firms seeking to become FINRA members, including details on the various filing and qualification requirements and what member firms need to do to expand their business or withdraw their registration.
Register a New Broker-Dealer Firm
This section outlines the standards and procedural guidelines for the membership application and registration process for BD firms.
Manage a Branch Office Registration
This section outlines what BDs must do to register branch offices with FINRA, other SROs and jurisdictions.
Terminate a Broker-Dealer Firm Registration
This section explains how BDs may file full or partial withdrawals of registration from FINRA, other SROs, the SEC and jurisdictions.
Update a Broker-Dealer Firm Registration
This section provides details on the process for updating a BD registration, including:
- The Materiality Consultation process and the forms a firm must file;
- Whether an update requires a Form BD amendment and/or a Continuing Membership Application (CMA) filing.
Renew a BD Firm Registration
This section outlines the process for the annual renewal of a firm’s registration with FINRA, other SROs and jurisdictions.