securities fraud attorney, I constantly encourage clients, friends, and family members to always
put in a little research before agreeing to an investment opportunity.
If you want to check up on your broker before you decide to invest, one
of the first pieces of information you should obtain is your broker’s
CRD number. The CRD number allows you to access a lot of information about
your broker’s background, which you can then use to decide if a
broker or investment opportunity looks legitimate. You can access this
information through FINRA’s
What Information Can I Obtain with a Broker’s CRD Number?
BrokerCheck allows you to access information about individual brokers
and brokerage firms. When you look up an individual broker’s number,
you find details about:
- The broker’s history and credentials.
- Complaint and disciplinary history.
- Employment history over the last ten years.
- Registration, licensing, and even industry exam results.
Although we often stress looking up your individual broker, it can also
be helpful to look up information about the brokerage firm itself. Using
a firm’s number, you can access information about the business in
- Licensing and registration.
- Who owns the firm.
- Any history of changes in name and/or ownership.
- Disciplinary actions and securities arbitration awards against the firm.
If you have already suffered losses due to broker misconduct, speak with
an experienced securities fraud attorney today. We also encourage you
to request your free copy of our helpful book
Five Signs of Investment Fraud …And What to Do if it’s Happened to You.