Statistics
FINRA is responsible for regulating every broker and brokerage firm doing business with the U.S. public. The selected statistics below represent: 1) the work we do as a regulator and 2) an overview of the securities industry based on data we capture.
Key FINRA Statistics for 2023
| Registered Representatives | 628,392 |
| Securities Firms | 3,298 |
| Branch Offices | 148,718 |
| Market Events Processed Daily | 546 billion |
| Fines Imposed | $88.9 M |
| Restitution Ordered | $7.5 M |
| Individuals Barred | 178 |
| Individuals Suspended | 257 |
| Firms Expelled | 5 |
| Firms Suspended | 4 |
| Fraud and Insider Trading Cases Referred for Prosecution | 623 |
Regulatory Actions and Corporate Financing Review 2017 – 2023
| Regulatory Actions | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|
| Investor Complaints Received1 | 11,003 | 11,180 | 14,311 | 5,472 | 2,954 | 3,136 | 3,002 |
| New Disciplinary Actions Filed2 | 610 | 743 | 782 | 808 | 854 | 921 | 1,369 |
| Fines3 (in millions) | $88.4 | $54.5 | $103.0 | $57.0 | $39.5 | $61.0 | $64.9 |
| Restitution (in millions) | $7.5 | $26.2 | $47.0 | $25.2 | $27.9 | $25.5 | $66.8 |
| Firms Expelled4 | 5 | 7 | 1 | 2 | 6 | 16 | 20 |
| Firms Suspended | 4 | 3 | 3 | 2 | 21 | 23 | 29 |
| Individuals Barred | 178 | 227 | 269 | 246 | 348 | 386 | 492 |
| Individuals Suspended | 257 | 328 | 386 | 375 | 415 | 472 | 733 |
| Advertisements and Sales Communications Reviewed | 67,239 | 66,085 | 66,276 | 64,841 | 69,651 | 75,071 | 79,941 |
| Corporate Financing 5,6,7 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|
| Total Public Offerings (FINRA Rule 5110) | 1,104 | 1,398 | 2,901 | 2,304 | 1,604 | 1,524 | 1,553 |
| Member Private Offerings (FINRA Rule 5122) | 37 | 45 | 47 | 51 | 60 | 99 | 128 |
| Private Placements of Securities (FINRA Rule 5123) | 2,334 | 3,807 | 3,822 | 2,300 | 2,449 | 2,372 | 2,451 |
Key Industry Statistics
The data below are included in FINRA’s Industry Snapshot, which 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.
Registered Representatives Statistical Review 2006 - 2023
| Year | Total Registered Reps at End of Year | Individuals Leaving | % of Total | Individuals Entering | % of Total |
|---|---|---|---|---|---|
| 2023 | 628,392 | -37,346 | -6% | +44,865 | +7% |
| 2022 | 620,882 | -38,236 | -6% | +46,683 | +8% |
| 2021 | 612,435 | -43,893 | -7% | +38,821 | +6% |
| 2020 | 617,549 | -38,145 | -6% | +31,032 | +5% |
| 2019 | 624,662 | -44,103 | -7% | +39,248 | +6% |
| 2018 | 629,517 | -44,544 | -7% | +43,810 | +7% |
| 2017 | 630,251 | -46,276 | -7% | +40,902 | +6% |
| 2016 | 635,625 | -47,038 | -7% | +43,221 | +7% |
| 2015 | 639,442 | -43,772 | -7% | +47,036 | +7% |
| 2014 | 636,178 | -37,914 | -6% | +46,604 | +7% |
| 2013 | 627,488 | -43,647 | -7% | +43,643 | +7% |
| 2012 | 627,492 | -48,584 | -8% | +49,009 | +8% |
| 2011 | 627,067 | -45,776 | -7% | +44,381 | +7% |
| 2010 | 628,462 | -47,091 | -7% | +44,649 | +7% |
| 2009 | 630,904 | -72,864 | -12% | +40,869 | +6% |
| 2008 | 662,899 | -67,610 | -10% | +60,715 | +9% |
| 2007 | 669,794 | -55,269 | -8% | +68,682 | +10% |
| 2006 | 656,381 | -60,044 | -9% | +62,709 | +10% |
Certain data presented here reflect minor adjustments from previously reported data due to technical database corrections.
Member Firm Statistical Review 2006 - 2023
| Year | Total Firms at End of Year | Firms Leaving | % of Total | Firms Added | % of Total |
|---|---|---|---|---|---|
| 2023 | 3,298 | -193 | -6% | +113 | +3% |
| 2022 | 3,378 | -132 | -4% | +116 | +3% |
| 2021 | 3,394 | -150 | -4% | +109 | +3% |
| 2020 | 3,435 | -210 | -6% | +128 | +4% |
| 2019 | 3,517 | -206 | -6% | +116 | +3% |
| 2018 | 3,607 | -219 | -6% | +100 | +3% |
| 2017 | 3,726 | -205 | -5% | +96 | +3% |
| 2016 | 3,835 | -231 | -6% | +123 | +3% |
| 2015 | 3,943 | -244 | -6% | +119 | +3% |
| 2014 | 4,068 | -222 | -5% | +144 | +4% |
| 2013 | 4,146 | -249 | -6% | +106 | +3% |
| 2012 | 4,289 | -303 | -7% | +137 | +3% |
| 2011 | 4,455 | -294 | -7% | +172 | +4% |
| 2010 | 4,577 | -329 | -7% | +189 | +4% |
| 2009 | 4,717 | -341 | -7% | +162 | +3% |
| 2008 | 4,896 | -324 | -7% | +218 | +4% |
| 2007 | 5,002 | -312 | -6% | +288 | +6% |
| 2006 | 5,026 | -327 | -6% | +247 | +5% |
Certain data presented here reflect minor adjustments from previously reported data due to technical database corrections.
Member Firm Branch Offices Statistical Review 2006 - 20228
| Year | Total Branches at End of Year | Branches Closed | % of Total | Branches Opened | % of Total |
|---|---|---|---|---|---|
| 2023 | 148,718 | -18,704 | -13% | +16,775 | +11% |
| 2022 | 150,647 | -17,334 | -12% | +18,094 | +12% |
| 2021 | 149,887 | -20,847 | -14% | +17,873 | +12% |
| 2020 | 152,861 | -15,987 | -10% | +14,941 | +10% |
| 2019 | 153,907 | -17,979 | -12% | +17,225 | +11% |
| 2018 | 154,661 | -20,875 | -14% | +19,569 | +13% |
| 2017 | 155,967 | -21,797 | -14% | +18,300 | +12% |
| 2016 | 159,464 | -20,103 | -13% | +18,175 | +11% |
| 2015 | 161,392 | -18,296 | -11% | +18,242 | +11% |
| 2014 | 161,272 | -16,554 | -10% | +17,522 | +11% |
| 2013 | 160,478 | -19,382 | -12% | +18,711 | +12% |
| 2012 | 161,149 | -25,193 | -16% | +25,939 | +16% |
| 2011 | 160,403 | -24,863 | -16% | +22,555 | +14% |
| 2010 | 162,711 | -26,324 | -16% | +22,336 | +14% |
| 2009 | 166,699 | -37,727 | -23% | +33,040 | +20% |
| 2008 | 171,659 | -28,539 | -17% | +28,912 | +17% |
| 2007 | 171,286 | -29,705 | -18% | +31,514 | +19% |
| 2006 | 169,477 | -28,058 | -26% | +91,288 | +86% |
Certain data presented here reflect minor adjustments from previously reported data due to technical database corrections.
1. Includes complaints directly reported by investors to FINRA.
2. Beginning in 2017, FINRA changed its methodology in compiling aggregate data for Actions Filed.
3. Fines billed by FINRA, excluding amounts billed by FINRA on behalf of another self-regulatory organizations, including the Municipal Securities Rulemaking Board.
4. Beginning in 2017, FINRA changed its methodology in compiling aggregate data for Firms Expelled.
5. FINRA Rule 5110 requires all public offerings in which a member participates to be filed with FINRA for review, except as exempted from the filing requirement under paragraph (h).
6. FINRA Rule 5122 requires firms that offer or sell retail private placements of their own securities or that of a control entity to file offering documents and information about the issuer, the offering and the selling firms before the documents are provided to investors, except as exempted from the filing requirements under section (C).
7. FINRA Rule 5123 requires firms that sell non-proprietary, retail private placements to file with FINRA's Corporate Financing Department within 15 calendar days of the date of first sale, offering documents and information about the issuer, the offering and the selling firms, except as exempted from the filing requirements under section (B).
8. The revised definition of “branch office” took effect on July 3, 2006 (NASD) and September 9, 2005 (NYSE). The Branch Office Registration System launched on October 29, 2005.