Any individual that is applying to register as an Associated Person, Floor Broker, Floor Trader or to be listed as a Principal must send a completed fingerprint card to NFA unless:
Digital images of fingerprints are sent by NFA to the Federal Bureau of Investigation (FBI) to determine if the applicant has a criminal record. Results are received in three days or less and in some cases within several hours resulting in a faster registration process.
To conduct a check of its records the FBI must be able to analyze the print pattern of all 10 fingers. The FBI will reject fingerprint cards that do not have legible patterns for all 10 fingers. For this reason it is very important that you have your fingerprints taken by a person properly trained in rolling fingerprints.
NFA can only accept and process a complete FBI "applicant card". Applicants are encouraged to submit more than one set of fingerprints with their application to avoid delays in obtaining additional sets if necessary for processing.
NFA will return to the applicant fingerprint cards that are incomplete or that are not applicant cards and will request new cards.
Completed fingerprint cards should be sent to NFA at the following address:
National Futures Association
Attention: Registration Department
300 S. Riverside Plaza, Suite 1800
Chicago, IL 60606-6615
NFA offers a fingerprinting service for NFA applicants at the Chicago office (300 South Riverside Plaza, Suite 1800) between the hours of 8:30 a.m. and 4:00 p.m. for $15 (cash, check or money order). All individuals being fingerprinted will be required to present two forms of identification, one of which is a valid picture ID issued by a government agency, in order to verify the identity of the person being fingerprinted.
In order to use NFA's fingerprint service, visitors must be pre-registered in the building's visitor registry. Visitors should contact NFA's Information Center (either by phone at 312-781-1410 or send an email to email@example.com) to register their name and date of visit so they can receive access to NFA's offices on the 18th floor. NFA recommends that visitors pre-register at least a day prior to their visit.
NFA has issued a Registration Advisory that provides guidance concerning fingerprinting to assist those who submit applications via the Online Registration System. If you have any questions regarding the fingerprint card process, please contact NFA's Information Center at 312-781-1410 or 800-621-3570.
On December 11, 2012, the Commodity Futures Trading Commission Division of Swap Dealer and Intermediary Oversight issued no-action relief from the requirement to submit fingerprint cards in connection with registration applications for principals who have not resided in the United States since reaching 18 years of age ("non-U.S. Principal"). The no-action letter can be found by clicking on CFTC Letter No. 12-49.
On June 21, 2013, the Commodity Futures Trading Commission Division of Swap Dealer and Intermediary Oversight also issued a no-action relief from the requirement to submit fingerprint cards in connection with registration applications for associated persons who have not resided in the United States since reaching 18 years of age ("non-U.S. Associated Person"). The no-action letter can be found by clicking on CFTC Letter No. 13-29.
In order to qualify for the relief, the principal/associated person's firm must:
The no-action letter also stated that in accordance with the Paperwork Reduction Act (PRA), the Commission will be publishing in the Federal Register a notice and request for public comment on the burdens associated with the collection of information associated with the no-action relief. After this process is concluded and subject to any changes as a result of comments received, NFA expects that the registration application forms will be amended to incorporate the required certification.
Until the PRA process is completed, firms are not required to submit the certification or list of principals in order to qualify for the no-action relief. Firms will, however, need to notify NFA if they are not submitting a fingerprint card for a non-U.S. Principal/associated person within 30 days of filing that principal/associated person's Form 8-R. Firms must send this notice to NFA via email to Non-USPrincipalPrintCardAlternative@nfa.futures.org.
NFA Members can file many of their required documents electronically.
You can check the registration status and disciplinary history of any derivatives firm or individual.