CRD #20580 · FINRA BrokerCheck + SEC IAPD

Sanders Morris LLC

According to FINRA BrokerCheck disclosure totals used on PlainAdvisorCheck graded firms, Sanders Morris LLC ranks #290 of 20,055 by disclosure count (most disclosures first). Among firms registered in TX, it ranks #4 of 189 on the same disclosure sort used on the state browse page. Sanders Morris LLC carries 21 BrokerCheck disclosures across 5 branch offices - heavy load for a small firm, earning a Grade C.

Verify on FINRA BrokerCheck → Browse all firms
Grade C
Safety grade
5
branch offices
21
disclosures
#290 of 20,055
disclosure rank · graded

FINRA BrokerCheck disclosure docket

CRD record 20580 Sanders Morris LLC

Sanders Morris LLC · Grade C · 21 disc · 4.20/office · Small firm

  • CRD 20580
  • GRADE C
  • DISC 21
  • REG 16
  • ARB 4
  • CIV 1
  • BRANCH 5
  • PER-OFF 4.20
  • RANK #290 of 20,055
  • BOOK Small firm

Intensity peers

Nearest same-size peer: Revere Securities LLC (4.25 disc/office)

Revere Securities LLC4.25Feltl & Company4.33SRT Securities LLC4.33Sanders Morris LLC (this)4.20
Disclosures per office among small firm peers (lower is cleaner)

Sanders Morris LLC ranks #290 of 20,055 by disclosure count among graded broker-dealers; heavy load at 4.20 disclosures per office. Verify on FINRA BrokerCheck →

PlainAdvisorCheck rating 3/5 - 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

5 offices

FINRA: Small firm

Total disclosures

21 events

On FINRA BrokerCheck

Regulatory events

16 actions

76% of all disclosures

Disclosures per office

4.20 per office

21 ÷ 5 offices

Sanders Morris LLC vs. every disclosing firm

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

4 a cleaner per-office record than 1% 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%). Below this entry. 3–4: 5 disclosing firms (0%). Below this entry. 4–4: 10 disclosing firms (1%). Below this entry. 4–4: 3 disclosing firms (0%). Below this entry. 4–4: 9 disclosing firms (1%). This entry sits in this band. 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 16
Arbitrations 4
Civil Events 1
Total 21

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

Disclosure category share

Regulatory 16 Arbitration 4 Civil 1

Firm Details

Firm Size
Small
Scope
ACTIVE
Location
Houston, TX
CRD Number
20580

Elevated disclosures per office

Sanders Morris LLC in the heavier-disclosure third

Sanders Morris LLC carries 21 BrokerCheck disclosures across 5 branch offices - a heavier-third raw book among graded firms (#290 of 20,055). Regulator-initiated events are 76% of the book (16 regulatory / 4 arbitration / 1 civil).

Sanders Morris LLC runs 4.20 disclosures per branch office (cleaner than only 99% of disclosing multi-office firms). Verify on FINRA BrokerCheck ↗ · how disclosures are interpreted.

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

Texas cohort · 5.20× state average

Sanders Morris LLC sits above the Texas disclosure average

Sanders Morris LLC reports 21 BrokerCheck disclosures, 5.20× the Texas average of 4.0 across 189 graded firms with a principal-office state on file.

In Texas, 110 firms carry Grade A and 1 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 Texas state book →

Source: FINRA BrokerCheck & SEC IAPD Public Disclosure Data

Frequently Asked Questions

Where does Sanders Morris LLC sit among graded broker-dealers by disclosure count?
According to FINRA BrokerCheck disclosure totals used on PlainAdvisorCheck graded firms, Sanders Morris LLC ranks #290 of 20,055 by disclosure count (most disclosures first). Among firms registered in TX, it ranks #4 of 189 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 C mean for Sanders Morris LLC?
A grade of C reflects Sanders Morris LLC's disclosure intensity, its weighted disclosure load per branch office, ranked against other firms of a similar size (small firm). It carries 21 total disclosures across 5 branch offices. Review the specific disclosures on FINRA BrokerCheck before engaging.
How many FINRA disclosures does Sanders Morris LLC have?
Sanders Morris LLC has 21 total FINRA disclosures, including 16 regulatory events, 4 arbitrations, 1 civil event. Disclosures reflect reported events on FINRA BrokerCheck and do not necessarily indicate proven violations.
How big is Sanders Morris LLC?
Sanders Morris LLC operates 5 branch offices and is classified by FINRA as a small firm, registered in TX (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 Sanders Morris LLC's disciplinary record?
You can verify Sanders Morris LLC's full disciplinary history on FINRA BrokerCheck at brokercheck.finra.org using CRD number 20580. 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). Sanders Morris LLC's 21 events mean reading the underlying BrokerCheck detail matters more than the raw count alone.
Should I avoid Sanders Morris 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. Sanders Morris LLC carries 21 disclosures across 5 branch offices (about 4.20 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 Sanders Morris LLC, both outside TX so the neighborhoods are not state containment (the same-size intensity list below stays size-tier local).

Read with this firm

  • Revere Securities LLC (NY) - 4.25 disclosures/office, nearest small firm peer to Sanders Morris LLC's 4.20
  • Feltl & Company (MN) - 4.33 disclosures/office, nearest small firm peer to Sanders Morris LLC's 4.20
  • SRT Securities LLC (MI) - 4.33 disclosures/office, nearest small firm peer to Sanders Morris LLC's 4.20
  • Firms in TX - state roster that includes Sanders Morris LLC's registration home.
  • Red Flags in Advisor Records - How to read Sanders Morris LLC's heavy load disclosure profile without over-reading raw counts.
  • Reading BrokerCheck Reports - Parse the 21 disclosures behind Sanders Morris LLC's Grade C.
  • Highest-Risk Firms - Grade D/F firms on the same size-normalized scale as Sanders Morris LLC.
  • Compare firms - put Sanders Morris LLC next to peers on grade and footprint.

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.