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Funding Portals

FINRA Fingerprint Process Change

On Nov. 2, 2021, the SEC declared FINRA’s new fingerprint plan effective. The new plan describes changes to FINRA’s fingerprint process, which is effective as of Dec. 6, 2021. Under the new process, broker-dealers and funding portals must route fingerprints to Sterling, FINRA’s designated fingerprint provider. Sterling will process and submit fingerprints to the Department of Justice (FBI) for broker-dealer firms and funding portals. Benefits of this process change include state-of-the-art technology, processing efficiencies and reduced pricing for firms.

Title III of the Jumpstart Our Business Startups (JOBS) Act, enacted in 2012, contains key provisions relating to securities offered or sold through crowdfunding.

This page provides information and resources for crowdfunding intermediaries that, pursuant to Title III of the JOBS Act, the SEC's Regulation Crowdfunding and FINRA's rules for funding portals, register with the SEC as funding portals and become funding portal members of FINRA.

Funding Portal members are subject to FINRA regulatory oversight and reporting requirements.

Registration Requirements

Register as a New Funding Portal

Learn the standards and guidelines for the funding portal membership application and registration process, including how to apply and what to expect after you apply.

Update a Funding Portal's Registration

If your firm has a change of ownership or control as set forth in Funding Portal Rule 110(a)(4), you must notify FINRA of those changes by filing a continuing membership application for funding portals, known as Form Funding Portal - Continuing Membership Application, located in the Funding Portal Gateway.

Withdraw a Funding Portal's Registration

To withdraw your funding portal's registration with FINRA, you must update your Form Funding Portal through the SEC's EDGAR system. On your Form Funding Portal, check the box that indicates this is “a withdrawal of the funding portal’s registration with the SEC.” Withdrawing your registration with the SEC will trigger a request of withdrawal of your firm’s registration with FINRA.

Annual Gross Income Assessment

Every year, funding portals must complete the Form Funding Portal - Statement of Revenue and pay Gross Income Assessment (GIA).

FINRA Funding Portal Registration Depository (FPRD®)

FINRA created and operates the FINRA Funding Portal Registration DepositoryTM online electronic filing system to track funding portal registrations and information.

Funding Portals We Regulate

FINRA maintains a list of firms that are registered with the SEC as funding portals and are funding portal members of FINRA. 

Contact OGC

FINRA's Office of General Counsel (OGC) staff provides broker-dealers, attorneys, registered representatives, investors and other interested parties with interpretative guidance relating to FINRA’s rules. Please see Interpreting the Rules for more information.

OGC staff contact:
Adam Arkel
1735 K Street, NW
Washington, DC 20006
(202) 728-6961



















  • FINRA Requests Comment on FINRA Rules Impacting Capital Formation
  • SEC Approval of FINRA Funding Portal Rules and Related Forms
  • FINRA Rule 4518 (Notification to FINRA in Connection with the JOBS Act)
  • FINRA Requests Comment on Proposed Funding Portal Rules and Related Forms
  • FINRA Requests Comment on Proposed Regulation of Crowdfunding Activities
  • Investor Alert
    "Crowdfunding" generally refers to the use of the Internet by small businesses to raise capital through limited investments from a large number of investors. Under SEC rules, the general public can invest in capital raising by start-up companies. This advisory is designed to help the public understand the crowdfunding rules and processes so they can make informed decisions about the risks and rewards of investing in these early-stage businesses.