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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 Statistics

Key Statistics

Key Statistics

 


 

Key FINRA Statistics for 2023

Registered Representatives628,392
Securities Firms3,298
Branch Offices148,718
Market Events Processed Daily546 billion
Fines Imposed$88.9 M
Restitution Ordered$7.5 M
Individuals Barred178
Individuals Suspended257
Firms Expelled5
Firms Suspended4
Fraud and Insider Trading Cases Referred for Prosecution623

Regulatory Actions and Corporate Financing Review 2017 – 2023

Regulatory Actions2023202220212020201920182017
Investor Complaints Received111,00311,18014,3115,4722,9543,1363,002
New Disciplinary Actions Filed26107437828088549211,369
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 Expelled4571261620
Firms Suspended4332212329
Individuals Barred178227269246348386492
Individuals Suspended257328386375415472733
Advertisements and Sales Communications Reviewed67,23966,08566,27664,84169,65175,07179,941

 

Corporate Financing 5,6,72023202220212020201920182017
Total Public Offerings (FINRA Rule 5110)1,1041,3982,9012,3041,6041,5241,553
Member Private Offerings (FINRA Rule 5122)374547516099128
Private Placements of Securities (FINRA Rule 5123)2,3343,8073,8222,3002,4492,3722,451


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

YearTotal Registered Reps
at End of Year
Individuals Leaving% of TotalIndividuals Entering% of Total
2023628,392-37,346-6%+44,865+7%
2022620,882-38,236-6%+46,683+8%
2021612,435-43,893-7%+38,821+6%
2020617,549-38,145-6%+31,032+5%
2019624,662-44,103-7%+39,248+6%
2018629,517-44,544-7%+43,810+7%
2017630,251-46,276-7%+40,902+6%
2016635,625-47,038-7%+43,221+7%
2015639,442-43,772-7%+47,036+7%
2014636,178-37,914-6%+46,604+7%
2013627,488-43,647-7%+43,643+7%
2012627,492-48,584-8%+49,009+8%
2011627,067-45,776-7%+44,381+7%
2010628,462-47,091-7%+44,649+7%
2009630,904-72,864-12%+40,869+6%
2008662,899-67,610-10%+60,715+9%
2007669,794-55,269-8%+68,682+10%
2006656,381-60,044-9%+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

YearTotal Firms at End of YearFirms Leaving% of TotalFirms Added% of Total
20233,298-193-6%+113+3%
20223,378-132-4%+116+3%
20213,394-150-4%+109+3%
20203,435-210-6%+128+4%
20193,517-206-6%+116+3%
20183,607-219-6%+100+3%
20173,726-205-5%+96+3%
20163,835-231-6%+123+3%
20153,943-244-6%+119+3%
20144,068-222-5%+144+4%
20134,146-249-6%+106+3%
20124,289-303-7%+137+3%
20114,455-294-7%+172+4%
20104,577-329-7%+189+4%
20094,717-341-7%+162+3%
20084,896-324-7%+218+4%
20075,002-312-6%+288+6%
20065,026-327-6%+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

YearTotal Branches at End of YearBranches Closed% of TotalBranches Opened% of Total
2023148,718-18,704-13%+16,775+11%
2022150,647-17,334-12%+18,094+12%
2021149,887-20,847-14%+17,873+12%
2020152,861-15,987-10%+14,941+10%
2019153,907-17,979-12%+17,225+11%
2018154,661-20,875-14%+19,569+13%
2017155,967-21,797-14%+18,300+12%
2016159,464-20,103-13%+18,175+11%
2015161,392-18,296-11%+18,242+11%
2014161,272-16,554-10%+17,522+11%
2013160,478-19,382-12%+18,711+12%
2012161,149-25,193-16%+25,939+16%
2011160,403-24,863-16%+22,555+14%
2010162,711-26,324-16%+22,336+14%
2009166,699-37,727-23%+33,040+20%
2008171,659-28,539-17%+28,912+17%
2007171,286-29,705-18%+31,514+19%
2006169,477-28,058-26%+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.