Central Registration Depository (CRD)

Central Registration Depository (CRD),

Definition of Central Registration Depository (CRD):

  1. The data within the Central Registration Depository can be used like a background check on brokers and financial advisers, showing any complaints that may have been filed against them, enforcement actions, education, as well as licensing and professional certifications.

  2. The Central Registration Depository (CRD) is a database maintained by the Financial Industry Regulatory Authority (FINRA) since 2007 for all firms and individuals involved in the U.S. securities industry. It is used to store and maintain information on registered securities and broker firms, as well as individuals who dispense investing and financial advice.

  3. A Securities & Exchange Commission (SEC) database containing licensing and complaint information about brokers and some investment advisors and their representatives.

How to use Central Registration Depository (CRD) in a sentence?

  1. The Central Registration Depository (CRD) is a database the Financial Industry Regulatory Authority (FINRA) maintains of all entities in the U.S. securities industry.
  2. FINRA's BrokerCheck program uses CRD information to provide background information on more than 6,800 registered broker-dealers and more than 660,000 active registered individuals.
  3. CRD data can be used like a background check on brokers and financial advisers, showing any complaints, enforcement actions, education, as well as licensing and professional certifications.
  4. Central Registration Depository data is available on the internet as Web CRD. .

Meaning of Central Registration Depository (CRD) & Central Registration Depository (CRD) Definition