SIE: Registering On The Central Registration Depository

Registering on the Central Registration Depository

The applicant must deposit funds into a general account with FINRA’s Central Registration Depository, from which application fees and other fees will be drawn. The Central Registration Depository (CRD) is an automated database used to store and maintain information on registered securities and on brokerage firms and their registered employees. Once initial fees have been paid, the applicant must file a number of preliminary forms—among them Form BD. Form BD is application for registration.

Form BD must be filed with both FINRA and the SEC. It ide