Facilitate fingerprint based-background checks for compliance
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
- Customers will collect fingerprints using an electronic scanning system supplied by Cross Match Technologies.
- Fingerprints are transmitted to NASDAQ OMX via a dedicated and secure network connection (Unreadable prints will be returned to the customer).
- NASDAQ OMX then submits the fingerprints to the FBI's Criminal Justice Information Services via a secure connection protected by a hardware encryption device.
- Once completed, NASDAQ OMX returns the search results to the customer via the secured network.
Benefits & Pricing
Easy To Administer: