UCert: User Certification Vendor Inquiry
UCert is a proactive compliance tool that may be used by a vendor to compare their Nonprofessional Subscriber database with the FINRA Central Registration Depository ("CRD®") database as a means of identifying whether individuals included on the Vendor’s database are registered with FINRA.
Important Notice:
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The CRD Data included in the UCert response may solely be used to determine
whether an individual should be charged Professional or Nonprofessional
rates for the receipt and use of CTA/CQ Plan market data, not for any other
purpose.
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Use of UCert will not by itself satisfy a Vendor’s duty to determine whether
an individual qualifies as a Nonprofessional Subscriber. In addition to
UCert, a Vendor must perform other checks and make other inquiries in order
to satisfy its obligation. Other steps a Vendor should follow include:
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Checking various regulatory organizations (e.g.,
IAPD,
NFA,
CSA, etc.) for subscriber’s background and experience; and
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Investigating other facts and circumstances that may be pertinent to the
individual subscriber in question.
Resources
To learn more about UCert, click on the links below:
FINRA and CRD are registered trademarks of the Financial Industry Regulatory Authority, Inc.