Meyer Wilson

Recovering Losses Caused By Investment Misconduct

What Is a Broker CRD Number?

Every stockbroker (“registered representative”) licensed to sell securities in this country has what is a called a “CRD” number. CRD stands for Central Registration Depository, which is a database that holds information about brokers and brokerage firms. Although the report is not all inclusive (and can sometimes be incomplete), it does include certain information about licensing, registration, professional background, complaints, history, and disciplinary actions. Each broker and brokerage firm is required to disclose certain information during the licensing and registration process and is assigned what’s called a CRD number.

Why Do I Need a Broker's CRD Number?

We repeatedly recommend individual investors to do their research before handing over your life savings to an investment professional. Just a little extra time invested in research can go a long way toward reducing the chance that you will become a victim of investment fraud.

If you’re not sure where to start, keep in mind that a big part of that research is checking up on your broker or brokerage firm so that you know you are dealing with someone who is properly registered and does not have a history of disciplinary actions or complaints.

One of the best ways to do this is by obtaining your broker’s “CRD” number. You can use a broker’s CRD number to confirm whether a broker is registered in your state, learn what licenses they possess, and to find out if there are customer complaints against that representative or his or her brokerage firm. This database also has qualification and employment information.

How Do I Find Information with FINRA’s BrokerCheck?

  • Step 1: Go to FINRA’s BrokerCheck site.

  • Step 2: Click “Start Search.”

  • Step 3: Agree to the Terms & Conditions, and click “Continue.”

  • Step 4: Type in your broker’s CRD number or the name of your broker or brokerage firm, and click “Start Search.” You will probably be asked to enter some numbers or letters to verify that you are a human—this simply helps FINRA prevent unauthorized access.

  • Step 5: Locate your broker or firm in the search results, and click on his or her name.

  • Step 6: You’re done! You should now be able to view your broker’s name, CRD number, employment history, qualifications, disciplinary disclosures, etc.

If you still have questions or think you might have an investment claim please contact us. We offer free and private consultations. Reach our investment fraud attorneys at (888) 390-6491.

When Choosing an Attorney, Results Matter

  • $30M
    $30,000,000 Recovered in Confidential Settlement for 100-Year-Old-Widow
  • $10M
    Retirees Recover in Excess of $10,000,000 of Retirement Losses
  • $6.5M
    $6,500,000 Recovered for a Large Group of Individual Investors
  • $5M
    $5,000,000 Recovered for Group of Midwest Clients
  • $3.8M
    Meyer Wilson Recovers More than $3,800,000 for Elderly Victim in Ponzi Scheme Case
  • $3.2M
    $3,200,000 of Losses Recovered by Meyer Wilson for More Than 50 Families of Ponzi Scheme in California

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