SIE practice questioneasyBrokerCheck
Where does the information displayed on FINRA BrokerCheck originate?
- AThe representative's personal LinkedIn profile
- BThe Federal Reserve's banking database
- CThe Central Registration Depository (CRD) system✓ Correct answer
- DCustomer reviews submitted online
Explanation
Why C — The Central Registration Depository (CRD) system
FINRA BrokerCheck draws its information from the Central Registration Depository (CRD) system, which is a computerized database maintained by FINRA. The CRD contains the registration records of individuals and firms, including data from Forms U4 and U5. This includes employment history, examination results, disclosures of customer complaints, regulatory actions, criminal records, and financial events such as bankruptcies. The CRD is the authoritative source for securities industry registration information in the United States.
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