Check Out Your Broker or Financial Advisor
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About IORC
 

 

A savvy investor takes the time to check out the background of the brokerage firm and individual financial professional (whether a stockbroker or investment advisor) BEFORE doing business with him or her. If you already have entrusted your money to a brokerage firm or financial professional WITHOUT doing a background check, it is important to take the time now to do
so.

The major resources for broker/advisor background checks are:


 

STATE SECURITIES AGENCIES - CENTRAL REGISTRATION DEPOSITORY (CRD)

The Central Registration Depository is a database of licensing and other regulatory information that encompasses nearly all broker dealers, investment advisory firms, stockbrokers and individual investment advisors in the United States. Maintained jointly by the North American Securities Administrators Association (NASAA) and the National Association of Securities Dealers (NASD), CRD information may be accessed by contacting the state agency where you live.

NATIONAL ASSOCIATION OF SECURITIES DEALERS - PUBLIC DISCLOSURE PROGRAM (PDP)

NASD makes information on securities professionals and firms available online and, in most cases, detailed report information is returned to you by e-mail.