FINRA Fingerprinting

AccufingerprintingNJ in partnership with Accurate Biometrics provides EFS (Electronic Fingerprint Submissions) for FINRA. One of only ten Certified National Vendors, Accurate Biometrics utilizes the latest technology and software operated by trained fingerprint technicians. This affords applicants the most positive and efficient fingerprinting experience possible. We offer this service at our facility at 22 Park Place 4th Floor, as well as on a mobile basis where we travel to your office with our Live Scan equipment to collect and transmit fingerprints.

The information below will explain the EFS (Electronic Fingerprint Submission) process as well as the steps required to register your company. About Us AccufingerprintingNJ in partnership with Accurate Biometrics provides EFS (Electronic Fingerprint Submissions) for FINRA. We collect and transmit fingerprints securely and electronically, enabling broker dealer firms to track and retrieve results within 48 hours or less. Electronic Fingerprint Submissions improves print quality, reduces rejection rates while maintaining comppliancwe with FINRA rules and regulations. Benefits There are many benefits of using the EFS (Electronic Fingerprint Submissions) program including:



Speed

Electronic Submissions are sent to FINRA eliminating mail delivery time and are ready for immediate transmittal to the FBI. This program allows for the fastest turnaround time and speed of results, and processing times



Cost

There are no postage fees to pay and lower FINRA fingerprint processing fees assessed for electronic fingerprint submissions. Typically, there are fewer fingerprint re-submissions required for an individual because of improved image quality which further reduces firms' costs.



Image Quality

Electronic fingerprints offer lower illegibility rates than hard copy submissions, leading to fewer fingerprint transactions that need to be re-submitted for an individual.



Efficiency

Increases processing efficiencies





Accurate Biometrics is proud to offer a program for direct Accurate Biometrics is a commercial vendor who has successfully completed FINRA's Electronic Fingerprint Submission (EFS) certification testing from a technical standards perspective only. They are certified to participate in EFS. We are proud to offer a program in partnership with Accurate Biometrics for direct FINRA EFS Fingerprint Services (Electronic Fingerprint Submissions) to the United States securities industry and its regulators, including securities brokers-dealers, banks and FINRA members.

  •    15 years of live scan fingerprinting experience
  •    FBI approved channeler of fingerprints
  •    Secure, expedited solutions to assist in processing FINRA license applications
  •    Dedicated service support team to our FINRA customers
  •    Customized solutions and reporting to meet customer specific needs
  •    Convenient billing and onsite payment terms


Easy, simple steps to get started


Step 1: Notification to FINRA

Complete the following official FINRA Broker-Dealer Agreement informing FINRA that Accurate Biometrics and AccufingerprintingNJ will serve as your authorized fingerprint agent.

Return the Broker-Dealer EFS Participant Agreement back to us at:
Accufingerprinting NJ
106 East Ridgewood Avenue
Suite 1
Paramus, NJ 07652


http://www.finra.org/sites/default/files/AppSupportDoc/p005411.pdf


Step 2: Account Setup

Contact the AccufingerprintingNJ Key Account Management Team at 201.262.0115 or email [email protected] to set up an account for your firm. Please have your firm’s CRD number ready in order to expedite the account setup process.

Once your account is established, you will be provided with your Firm’s custom EFS Authorization Form.

Your Firm’s applicants will need to complete this form and give it to AccufingerprintingNJ when having their fingerprints taken electronically.


Step 3: Submission of Fingerprints

Obtain Live Scan Electronic Fingerprints and have transmitted to FINRA at an AccufingerprintingNJ location.


Step 4: Fingerprints are Transmitted to FINRA

Electronic submissions are received by Accurate Biometrics for EFS processing and transmission to FINRA.Results are posted on the FINRA-CRD (Central Registration Depository) within 48 hours. Authorized user may log into FINRA’s Web CRD to view the results.



Process

The fingerprinting process as mentioned can be completed at our offices or we can travel to your location. One of our trained fingerprint technicians will scan the applicant’s prints on a platen glass scanner which usually takes about 10 minutes. Using this method there is no ink, and no mess. The technician is most often sitting while the applicant is standing alongside them which makes for a positive, minimally disruptive experience.


Fingerprinting Requirements

FINRA processes fingerprint transactions submitted by firms on behalf of their associated persons. FINRA firms and associated persons are subject to the fingerprint requirements of Rule 17(f)(2) of the Securities and Exchange Act of 1934.

This rule states that fingerprints must be submitted via two methods:

A firm may submit hard copy fingerprint cards to FINRA or a firm may submit fingerprint information electronically to FINRA under FINRA's Electronic Fingerprint Submission (EFS) Program.

This must be completed within a 30 day time period after a U4 is submitted to FINRA or the employee of officer must cease doing business until complete.

This Rule States That Fingerprints Must Be Submitted Via Two Methods:
A Firm May Submit Hard Copy Fingerprint Cards To FINRA Or A Firm May Submit Fingerprint Information Electronically To FINRA Under FINRA's Electronic Fingerprint Submission (EFS) Program.
This Must Be Completed Within A 30 Day Time Period After A U4 Is Submitted To FINRA Or The Employee Of Officer Must Cease Doing Business Until Complete.