CRD stands for Central Registration Depository, which is a database that holds information about financial advisors and brokerage firms. Every financial advisor (“registered representative”) licensed to sell securities in this country has what is a called a CRD number. Although the CRD report is not all inclusive—and can sometimes be incomplete—it does include certain information about:
Each financial advisor and brokerage firm is required to disclose certain information during the licensing and registration process and is assigned a CRD number.
We repeatedly recommend that individual investors do their research before handing over your life savings to an investment professional. Just a little extra time invested in research can go a long way toward reducing the chance that you will become a victim of investment fraud.
Not sure where to start? Keep in mind that a big part of that research is checking up on your financial advisor or brokerage firm so that you know you are dealing with someone who is is properly registered and does not have a history of disciplinary actions or complaints. One of the best ways to do this is by obtaining your financial advisor’s CRD number.
You can use a financial advisor’s CRD number to:
Have more questions? Think you might have an investment claim? Contact us! We offer free and private consultations. Reach our investment fraud attorneys at (614) 532-4576.