Thursday, October 3, 2019

Brokerage Industry Continues To Shrink is reporting that the number of FINRA-registered representatives was 629,544 in 2018, down from 630,273 in 2017. It was the third straight decline since 2016, when there were 639,457 registered reps.

In 2018, there were 3,607 brokerage firms registered with the Financial Industry Regulatory Authority Inc. That total was down from 3,726 in 2017 and marked the fourth time since 2014 — when 4,067 firms were registered — that the number declined.

Read the full article.

The FINRA Industry Snapshot 2019 provides a high-level overview of the industry, ranging from the number of FINRA-registered individuals to the overall revenues of firms, and from trading activity to how firms market their products and services. All of the data are reported in aggregate to respect the confidentiality of regulatory information.

For over 30 years I have been representing all stock market participants - investors, brokers, advisers, firms and issuers in litigation, arbitration and investigations. If you have a question about the securities laws, email me at - Mark J. Astarita

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