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A firm has Non-Registered Fingerprint individuals (NRFs) that are no longer with the firm. How does the firm terminate these individuals?

April 26, 2017fingerprint firm individuals longer non-registered nrfs

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A firm has Non-Registered Fingerprint individuals (NRFs) that are no longer with the firm. How does the firm terminate these individuals?

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As of March 18, 2002, the personal data fields (e.g., hair/eye color, weight) are no longer mandatory on the NRF Filing for termination. The firm should terminate the individual by submitting an NRF Amendment Filing that includes the Date of Termination. As the Completeness Check has been relaxed, it is no longer necessary for FINRA to enter the Date of Termination on the firm’s behalf. Therefore, firms should submit NRF Amendments to terminate their NRF individuals rather than contacting FINRA to terminate these individuals.