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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 2020

Registered Representatives

617,549

Securities Firms

3,435

Branch Offices

152,861

Cycle Exams

1,272

Reviews for Cause in the Examination Program

4,351

Market Events Processed

79.7 billion every day

Fines Imposed

$57.0 million

Restitution Ordered

$25.2 million

Individuals Barred

246

Individuals Suspended

375

Firms Expelled

2

Firms Suspended

2

Fraud and Insider Trading Cases Referred for Prosecution

970

Regulatory Actions and Corporate Financing Review 2016 – 2020

Regulatory Actions 2020 2019 2018 2017 2016

Investor Complaints Received1

5,472

2,954

3,136

3,002

3,070

New Disciplinary Actions Filed2

808

854

921

1,369

1,434

Fines3 (in millions)

$57.0

$39.5

$61.0

$64.9

$173.8

Restitution (in millions)

$25.2

$27.9

$25.5

$66.8

$27.9

Firms Expelled4

2

6

16

20

24

Firms Suspended

2

21

23

29

26

Individuals Barred

246

348

386

492

517

Individuals Suspended

375

415

472

733

727

Advertisements and Sales Communications Reviewed

64,841

69,651

75,071

79,941

92,489

Corporate Financing 5,6,7 2020 2019 2018 2017 2016

Total Public Offerings (FINRA Rule 5110)

2,304

1,604

1,524

1,553

1,232

Member Private Offerings (FINRA Rule 5122)

51

60

99

128

148

Private Placements of Securities (FINRA Rule 5123)

2,300

2,449

2,372

2,451

2,442


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 - 2020

Year Total Registered Reps
at End of Year
Individuals Leaving % of Total Individuals Entering % of Total

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 - 2020

Year Total Firms at End of Year Firms Leaving % of Total Firms Added % of Total

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 - 20208

Year Total Branches at End of Year Branches Closed % of Total Branches Opened % of Total

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.