Facilitate fingerprint based-background checks for compliance

Overview

The NASDAQ OMX Background Check Service facilitates fingerprint-based background checks for compliance with the Securities Exchange Act of 1934. The Act requires every national securities exchange member, broker, dealer, registered transfer agent and registered clearing agency to conduct a fingerprint-based criminal history background check on each of its partners, directors, officers and employees.

In order to comply with this regulation, fingerprints are submitted to the Federal Bureau of Investigation (FBI) through a self-regulatory organization (SRO) authorized by the Securities Exchange Commission (SEC) and responses are returned to the submitting SRO. The SEC has designated NASDAQ OMX BX as an authorized SRO for this purpose.

Streamlined & Secure Process

  1. Customers will collect fingerprints using an electronic scanning system supplied by Cross Match Technologies.

  2. Fingerprints are transmitted to NASDAQ OMX via a dedicated and secure network connection (Unreadable prints will be returned to the customer).

  3. NASDAQ OMX then submits the fingerprints to the FBI's Criminal Justice Information Services via a secure connection protected by a hardware encryption device.

  4. Once completed, NASDAQ OMX returns the search results to the customer via the secured network.

Benefits & Pricing

Easy To Administer:


  • Eliminates the need for firms to schedule fingerprinting appointments at third party locations

  • The Cross Match system allows you to conveniently fingerprint your employees at your own location

  • Availability to immediately send for background checks via a secured data network

  • Cost Effective:


    • Only $35 per processed print

    • Significantly less expensive than other authorized SRO's and fingerprint channelers

    • Custom pricing also available in some circumstances
Firm Price per Print
NASDAQ OMX $35
CBOE $50
Accurate Biometrics $50
Field Print $48
Daon $38-$52
National Background Check $45

Fact Sheet

Contact Information