CRD #132605 · FINRA BrokerCheck + SEC IAPD

Belvedere Trading LLC

According to FINRA BrokerCheck disclosure totals used on PlainAdvisorCheck graded firms, Belvedere Trading LLC ranks #195 of 20,055 by disclosure count (most disclosures first). Among firms registered in IL, it ranks #10 of 200 on the same disclosure sort used on the state browse page. Belvedere Trading LLC carries 29 BrokerCheck disclosures across 9 branch offices - heavy load for a small firm, earning a Grade D.

Verify on FINRA BrokerCheck → Browse all firms
Grade D
Safety grade
9
branch offices
29
disclosures
#195 of 20,055
disclosure rank · graded

FINRA BrokerCheck disclosure docket

CRD record 132605 Belvedere Trading LLC

Belvedere Trading LLC · Grade D · 29 disc · 3.22/office · Small firm

  • CRD 132605
  • GRADE D
  • DISC 29
  • REG 29
  • ARB 0
  • CIV 0
  • BRANCH 9
  • PER-OFF 3.22
  • RANK #195 of 20,055
  • BOOK Small firm

Intensity peers

Nearest same-size peer: Spartan Capital Securities, LLC (3.20 disc/office)

Spartan Capital Securit…3.20Great Point Capital LLC3.25THE Vertical Group3.25Belvedere Trading LLC (this)3.22
Disclosures per office among small firm peers (lower is cleaner)

Belvedere Trading LLC ranks #195 of 20,055 by disclosure count among graded broker-dealers; heavy load at 3.22 disclosures per office. Verify on FINRA BrokerCheck →

PlainAdvisorCheck rating 2/5 - an editorial, size-normalized signal, not a regulatory determination. Always verify the underlying record on FINRA BrokerCheck before engaging an advisor.

Data updated July 2026

Branch offices

9 offices

FINRA: Medium firm

Total disclosures

29 events

On FINRA BrokerCheck

Regulatory events

29 actions

100% of all disclosures

Disclosures per office

3.22 per office

29 ÷ 9 offices

Belvedere Trading LLC vs. every disclosing firm

Disclosures per branch office, the size-normalized signal behind the grade (lower is cleaner)

3 a cleaner per-office record than 4% of 1,251 disclosing firms

0–0: 314 disclosing firms (25%). Below this entry. 0–1: 159 disclosing firms (13%). Below this entry. 1–1: 301 disclosing firms (24%). Below this entry. 1–1: 40 disclosing firms (3%). Below this entry. 1–1: 140 disclosing firms (11%). Below this entry. 1–2: 32 disclosing firms (3%). Below this entry. 2–2: 65 disclosing firms (5%). Below this entry. 2–2: 9 disclosing firms (1%). Below this entry. 2–2: 72 disclosing firms (6%). Below this entry. 2–3: 14 disclosing firms (1%). Below this entry. 3–3: 24 disclosing firms (2%). Below this entry. 3–3: 6 disclosing firms (0%). Below this entry. 3–3: 32 disclosing firms (3%). This entry sits in this band. 3–4: 5 disclosing firms (0%). Above this entry. 4–4: 10 disclosing firms (1%). Above this entry. 4–4: 3 disclosing firms (0%). Above this entry. 4–4: 9 disclosing firms (1%). Above this entry. 4–5: 3 disclosing firms (0%). Above this entry. 5–5: 11 disclosing firms (1%). Above this entry. 5–5: 2 disclosing firms (0%). Above this entry. This firm 0 5 every disclosing firm, by disclosures per office, bucketed by value

Each bar is a band; taller bars hold more disclosing firms. The dashed line + filled bar mark this entry. Hover or tap any bar for its full count, share, and where it sits relative to this entry.

Source FINRA BrokerCheck · SEC IAPD · 2026

Disclosure Breakdown

Disclosure Type Count
Regulatory Events 29
Arbitrations 0
Civil Events 0
Total 29

Counts for Belvedere Trading LLC reflect events reported on FINRA BrokerCheck as of July 2026. Disclosures are reported events, not proven violations.

Disclosure category share

Regulatory 29 Arbitration 0 Civil 0

Firm Details

Firm Size
Medium
Scope
ACTIVE
Location
Chicago, IL
CRD Number
132605

Regulator-heavy mix

Belvedere Trading LLC in the heavier-disclosure third

Belvedere Trading LLC carries 29 BrokerCheck disclosures across 9 branch offices - a heavier-third raw book among graded firms (#195 of 20,055). Regulator-initiated events are 100% of the book (29 regulatory / 0 arbitration / 0 civil).

100% of Belvedere Trading LLC's 29 disclosures are regulator-initiated (29 events). Verify on FINRA BrokerCheck ↗ · how disclosures are interpreted.

Educational summary of Belvedere Trading LLC's disclosure book - not financial advice. Disclosures are reported events, not proven violations; consult a licensed advisor before decisions.

Illinois cohort · 5.70× state average

Belvedere Trading LLC sits above the Illinois disclosure average

Belvedere Trading LLC reports 29 BrokerCheck disclosures, 5.70× the Illinois average of 5.1 across 200 graded firms with a principal-office state on file.

In Illinois, 99 firms carry Grade A and 8 carry Grade F on the same size-normalized scale.

Average uses graded firms with a principal-office state on file, not a full 50-state census. Open the Illinois state book →

Source: FINRA BrokerCheck & SEC IAPD Public Disclosure Data

Frequently Asked Questions

Where does Belvedere Trading LLC sit among graded broker-dealers by disclosure count?
According to FINRA BrokerCheck disclosure totals used on PlainAdvisorCheck graded firms, Belvedere Trading LLC ranks #195 of 20,055 by disclosure count (most disclosures first). Among firms registered in IL, it ranks #10 of 200 on the same disclosure sort used on the state browse page. Ordinals match the disclosure-first sort documented on our methodology corpus-placement section. A high disclosure rank is not automatically a finding of wrongdoing; larger firms accumulate more reported events. Always review the underlying FINRA BrokerCheck detail before engaging.
What does a grade of D mean for Belvedere Trading LLC?
A grade of D reflects Belvedere Trading LLC's disclosure intensity, its weighted disclosure load per branch office, ranked against other firms of a similar size (small firm). It carries 29 total disclosures across 9 branch offices. Review the specific disclosures on FINRA BrokerCheck before engaging.
How many FINRA disclosures does Belvedere Trading LLC have?
Belvedere Trading LLC has 29 total FINRA disclosures, including 29 regulatory events. Disclosures reflect reported events on FINRA BrokerCheck and do not necessarily indicate proven violations.
How big is Belvedere Trading LLC?
Belvedere Trading LLC operates 9 branch offices and is classified by FINRA as a medium firm, registered in IL (Small firm). FINRA BrokerCheck publishes branch-office counts but not a firmwide registered-representative headcount, so PlainAdvisorCheck measures firm size by branch footprint.
Where can I verify Belvedere Trading LLC's disciplinary record?
You can verify Belvedere Trading LLC's full disciplinary history on FINRA BrokerCheck at brokercheck.finra.org using CRD number 132605. BrokerCheck provides detailed information about individual registered representatives, complaints, and regulatory actions.
What is a FINRA disclosure?
A FINRA disclosure is a reported event (regulatory, arbitration, or civil). Belvedere Trading LLC's 29 events mean reading the underlying BrokerCheck detail matters more than the raw count alone.
Should I avoid Belvedere Trading LLC because of its disclosures?
Not necessarily. Larger firms accumulate more disclosures simply because they operate more offices, so PlainAdvisorCheck grades each firm against same-size peers rather than on raw counts. Belvedere Trading LLC carries 29 disclosures across 9 branch offices (about 3.22 per office). Review the nature of individual disclosures on FINRA BrokerCheck before making a decision.

Nationwide peers by disclosures or branches

Two PlainAdvisorCheck-derived peer sets for Belvedere Trading LLC, both outside IL so the neighborhoods are not state containment (the same-size intensity list below stays size-tier local).

Read with this firm

Read our methodology - heavier-disclosure firms: how raw counts and per-office intensity are graded.

Retrieved and formatted by PlainAdvisorCheck from FINRA BrokerCheck public records.