Frequently Asked Question

February 26 2009  |  Filed Under »

What is the Central Registration Depository?

The Central Registration Depository (CRD®) is an automated database used by the NASD and the NASAA to store and maintain historical records on registered securities representatives and principals who are employees of member firms.

The CRD® offers a convenient system for individuals seeking registration in more than one state or organization. By using the CRD®, such individuals--instead of submitting a form and fee to each state in which they seek registration--submit only one form and one payment (a sum of all fees required for each registration).

Once the CRD receives electronic forms, it submits the appropriate data and payments to each organization and state where registration is sought. The NASD maintains a webpage with up-to-date information on the web CRD, click here for further information.

Additionally, the CRD® provides data to NASDs BrokerCheck, which is a free service for individuals seeking information on a specific securities professional or firm. For more information on the NASD BrokerCheck, click here.
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by

Shauna Carther

Shauna Carther
Shauna Carther is the vice president of content at Investopedia.com. In 2007, she appeared as a guest on Moneytrack, a Public Broadcasting Service program devoted to helping consumers learn to invest and take control of their finances.
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