A:

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.



RELATED FAQS
  1. How can I find out if my employer is a member of FINRA?

    To find out if your employer is a member of the Financial Industry Regulatory Authority or FINRA (previously the National ... Read Answer >>
  2. How long is the validity period for a Series 63 exam if I have not been registered?

    Find out how registration begins using Series 63 results and how long scores are valid without registration. Learn more about ... Read Answer >>
  3. Can you trade securities before you pass the Series 63 exam?

    Find out more about state registration and Series 63 exam scores. Learn how long these scores are valid and how registration ... Read Answer >>
  4. My job with a member firm has recently been terminated and I do not want to write ...

    The National Association of Securities Dealers (NASD) states that if you become employed with another member firm within ... Read Answer >>
  5. How do I register for the CFA program for the first time?

    CFA Institute provides prospective CFA candidates with a couple registration options.1) Online Registration: This is the ... Read Answer >>
  6. How does piggyback registration work?

    Registration rights ensure that companies cooperate during the registration process through which investors register shares ... Read Answer >>
Related Articles
  1. Investing

    Series 63 Exam State Securities Administrator

    Learn what you need to know about the state securities administrator to pass the Series 63 exam.
  2. Markets

    Depository Trust Company

    The Depository Trust Company, founded in 1973 and based in New York City, is one of the world's largest securities depositories.
  3. Managing Wealth

    How Does Your Stockbroker Rank?

    Evaluate your broker by more than current performance. Here's how to find their history, including any formal complaints or legal actions against them.
  4. Financial Advisor

    How to Vet Financial Advisors Via BrokerCheck

    Many people research restaurants or movies, but few select brokers or financial advisors with much research. Here's how BrokerCheck can help.
  5. Retirement

    Professional Correspondence That Pushes The Envelope

    Learn the difference between correspondence and sales literature, according to NASD rules.
  6. Markets

    Trade Name Vs. Trademark: Know the Difference

    Understand the differences between a trade name and a trademark, the different functions they serve and registration considerations for business owners.
  7. Financial Advisor

    Why Financial Advisor Background Checks Are Vital

    An alliance of public interest groups is pressuring FINRA to broaden its BrokerCheck tool.
  8. Markets

    FINRA: How It Protects Investors

    Find out the history of FINRA, and how it's organized to monitor the markets and protect investors.
  9. Investing

    Why Bad Credit Is Bad For Financial Careers

    In order to obtain and maintain a career in the financial industry, it is also important to have a clean credit report.
  10. Markets

    Steps to Starting Up an Independent Broker Dealer

    Launching your own broker-dealer is a lot of work, but the potential payoff is great, both personally and financially.
RELATED TERMS
  1. Central Registration Depository (CRD)

    A database used by the National Association Of Securities Dealers ...
  2. Piggyback Registration Rights

    A form of registration rights that grants the investor the right ...
  3. NASD Rule 2790

    A ruling passed by the National Association of Dealers (NASD), ...
  4. SEC Form BD

    A form that is completed and submitted to the Securities and ...
  5. Small Corporate Offering Registration - SCOR

    A form of corporate securities registration designed to reduce ...
  6. National Association Of Securities Dealers - NASD

    The NASD was a self-regulatory organization of the securities ...
Hot Definitions
  1. European Union - EU

    A group of European countries that participates in the world economy as one economic unit and operates under one official ...
  2. Sell-Off

    The rapid selling of securities, such as stocks, bonds and commodities. The increase in supply leads to a decline in the ...
  3. Brazil, Russia, India And China - BRIC

    An acronym for the economies of Brazil, Russia, India and China combined. It has been speculated that by 2050 these four ...
  4. Brexit

    The Brexit, an abbreviation of "British exit" that mirrors the term Grexit, refers to the possibility of Britain's withdrawal ...
  5. Underweight

    1. A situation where a portfolio does not hold a sufficient amount of a particular security when compared to the security's ...
  6. Russell 3000 Index

    A market capitalization weighted equity index maintained by the Russell Investment Group that seeks to be a benchmark of ...
Trading Center