News | 08.03.20
Number of B-Ds, Reps Registered With FINRA Falls Again
The number of brokerage firms and their representatives regulated by FINRA declined again in 2019, while the industry’s revenues and income increased. The third annual FINRA Industry Snapshot shows 624,674 representatives were registered with the self-regulator in 2019, down from 629,529 in 2018 and 630,261 in 2017. It was the fourth straight decline since 2015, when there were 639,448 registered reps. There were 3,517 brokerage firms registered with FINRA in 2019, down from 3,607 in 2018 and 3,726 in 2017. Last year marked the fifth time since 2014 that the number declined. Revenues for FINRA-registered firms totaled $388 billion in 2019, up from $361 billion in 2018. Total expenses rose to $344 billion from $318 million, while pretax net income increased from to $43.9 billion from $42.7 billion.
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