What is the Central Registration Depository?

By Shauna Carther AAA
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 were nominal interest rates in the economy set before the Federal Reserve?

    Learn more about how nominal interest rates are determined, how the Federal Reserve targets them, and how they acted prior ...
  2. Why is the EBITDA margin considered to be a good indicator of a company's financial ...

    Understand why the EBITDA margin is a good indicator of a company's financial health. Learn why it also has some drawbacks ...
  3. How attractive is the internet sector for a growth investor?

    Learn why the Internet sector is an attractive option for growth investors, as well as what many of them do to reduce the ...
  4. What are some examples of different types of capital?

    Learn about the different types of capital, including financial, human and social capital, and how each is a valuable asset ...
RELATED TERMS
  1. Mobile Advertising

    Mobile advertising is a method of advertising that appears on ...
  2. Mobile Marketing

    Mobile marketing is marketing that takes place via mobile devices ...
  3. Digital Immigrant

    People born before 1985 and who have adopted technology at a ...
  4. Mobile Banking

    Mobile banking is the act of doing financial transactions on ...
  5. Risk Financing

    The determination of how an organization will pay for loss events ...
  6. Special Employer

    An employer who receives an employee on loan from another business, ...

You May Also Like

Related Articles
  1. Options & Futures

    Trade Covered Calls On High Dividend ...

  2. Stock Analysis

    More Bad News for Altria: Regulators ...

  3. Stock Analysis

    How Melco Crown's Mass-Market Focus ...

  4. Stock Analysis

    Are Banks Running Scared of Medallion ...

  5. Stock Analysis

    3 Things I Learned From NVIDIA's Analyst ...

Trading Center