NFA Imposes Late Disclosure Filing for Registration

Effective June 1, 2014, NFA  imposed a $1,000.00 late disclosure filing fee for members who fail to disclose or update registration records involving disciplinary matters.

All disciplinary matters involving members and APs are considered properly disclosed if registrations are updated prior to NFA discovering them.  Non-disclosure of disciplinary actions will result in the $1,000.00 fine.

The NFA rule change can be read here.