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Securities Industry Registered Firms by Type of Registration

"Broker Dealer Only" refers to FINRA-registered representatives and firms. "Dual Representatives" refers to FINRA-registered representatives and firms who are also registered as investment advisers. "Investment Adviser Only" refers to individuals and firms who are registered only as investment advisers and are overseen by the SEC or state regulators. “Securities Industry Registered” represents the totality of registered individuals and firms. Individuals are counted only once regardless of how many firms they represent. Total Registered includes Broker-Dealer, Dual Registered, and Investment Adviser.