The FINRA fee for processing each set of fingerprints submitted by a member firm will decrease from $35.00 to $30.25.
The Securities Exchange Act of 1934 requires all member firms to submit fingerprints to be processed for all associated persons. Pursuant to section 4(b)(4) of Schedule A to the FINRA By-Laws, FINRA charges a fee for processing each set of fingerprints submitted by firms, part of which FINRA collects on behalf of the Federal Bureau of Investigation (FBI).
The FBI announced that it will decrease its fee from $22.00 to 17.25, resulting in a $4.75 fee reduction in the total FINRA processing fee for each set of fingerprints processed on or after October 1, 2007.
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