Since 1999 our law firm has recovered more than $350,000,000 for victims of investment fraud and misconduct.
Jury Verdict Won Against Prudential Securities $262 Million
Recovered for 100-Year Old Widow $30 Million
Recovered in Retirement Losses $10 Million
Recovered for a Large Group of Individual Investors $6.5 Million
Recovered for Elderly Victim in Ponzi Scheme Case $3.8 Million
Recovered for Elderly Ponzi Scheme Victim $3.2 Million
Recovered for More Than 50 Families of Ponzi Scheme in California $3.2 Million
Recovered for 35 Families in Northeast Ohio $3.1 Million
Losses Recovered for 20 Retirees $3 Million
Recovered for Retired Physician Against Major Wall Street Firm Prior to Filing FINRA Arbitration $2.5 Million
What Is a Broker CRD Number?
CRD stands for Central Registration Depository, which is a database that holds information about brokers and brokerage firms. Every stockbroker (“registered representative”) licensed to sell securities in this country has what is a called a CRD number. Although the CRD report is not all inclusive—and can sometimes be incomplete—it does include certain information about:
- Professional background
- Disciplinary actions
Each broker and brokerage firm is required to disclose certain information during the licensing and registration process and is assigned a CRD number.
Why Do I Need a Broker's CRD Number?
We repeatedly recommend that individual investors 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.
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 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
- Find out if there are customer complaints against that representative or his or her brokerage firm
- Find qualifications
- Review 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.
Have more questions? Think you might have an investment claim? Contact us! We offer free and private consultations. Reach our investment fraud attorneys at (800) 738-1960.
More than $350,000,000 Recovered
Voted Best Lawyers in America® for Ten Years Running
David Meyer is President of Public Investors Advocate Bar Association (PIABA)
Over a Thousand Investor Claim Cases Since 1999
Exclusive Focus on Investor Claims & Class/Mass Action Lawsuits
Deep Bench of Skilled Attorneys and Staff Members
Meyer Wilson has represented over 1,000 individual investors in high-stakes claims across the country, and has recovered over $350 million on their behalves. See what former clients have to say about our team.