Highest Risk Firms

Active broker-dealer firms carrying a size-normalized Grade D or F, the heaviest disclosure intensity for their size class, ranked by total reported FINRA disclosures. Review the underlying records on FINRA BrokerCheck before drawing conclusions.

#FirmDisclosuresOfficesGrade
1Morgan Stanley & Co. LLCNew York, NY55244F
2Goldman Sachs & Co. LLCNew York, NY43337D
3UBS Securities LLCNew York, NY31739D
4Deutsche Bank Securities Inc.New York, NY3079F
5Wedbush Securities Inc.Pasadena, CA212152D
6Piper Sandler & Co.Minneapolis, MN19280D
7Barclays Capital Inc.New York, NY16419D
8Cibc World Markets Corp.New York, NY1626F
9Wells Fargo Securities, LLCCharlotte, NC16284D
10Jefferies LLCNew York, NY13742D
11Interactive Brokers LLCGreenwich, CT11817F
12SG Americas Securities, LLCNew York, NY1155F
13Pershing LLCJersey City, NJ10618D
14BNP Paribas Securities Corp.New York, NY1019D
15Cantor Fitzgerald & Co.New York, NY9737D
16ABN Amro Clearing USA LLCChicago, IL833F
17Instinet, LLCNew York, NY8111F
18Citadel Securities LLCMiami, FL767D
19Stonex Financial Inc.Winter Park, FL7628D
20Virtu Americas LLCNew York, NY758F
21Dash Financial Technologies LLCChicago, IL693F
22Robinhood Financial, LLCLake Mary, FL6529D
23Wolverine Trading, LLCChicago, IL633F
24Susquehanna Securities, LLCBala Cynwyd, PA603F
25Wilson-Davis & Co., Inc.Salt Lake City, UT582F
26Apex Clearing CorporationDallas, TX576F
27Keybanc Capital Markets Inc.Cleveland, OH5543D
28Ladenburg Thalmann & Co. Inc.New York, NY507D
29BMO Capital Markets Corp.New York, NY4725D
30Lightspeed Financial Services Group LLCMorristown, NJ473F
31Natwest Markets Securities Inc.Stamford, CT477D
32Wolverine Execution Services, LLCChicago, IL432F
33Pruco Securities, LLC.Newark, NJ4328D
34Marex Capital Markets Inc.New York, NY4211D
35Susquehanna Investment GroupBala Cynwyd, PA423D
36Ibkr Securities Services LLCGreenwich, CT422F
37IMC Financial MarketsChicago, IL402F
38GTS Securities LLCMiami, FL387D
39Osaic Services, Inc.Scottsdale, AZ371F
40Maxim Group LLCNew York, NY377F
41BGC Financial, L.P.New York, NY3613D
42Sanford C. Bernstein & Co., LLCNashville, TN3527D
43G1 Execution Services, LLCChicago, IL353D
44Group ONE Trading LLCChicago, IL333D
45X-Change Financial Access, LLCChicago, IL332F
46TP Icap Global Markets Americas LLCNew York, NY337D
47Global Execution Brokers, LPBala Cynwyd, PA321F
48Tradition Securities and Derivatives LLCNew York, NY327D
49Oscar Gruss & SON IncorporatedNew York, NY313D
50Daiwa Capital Markets America Inc.New York, NY3029D
51Belvedere Trading LLCChicago, IL299D
52PTR, Inc.Collingswood, NJ281F
53Roth Capital Partners, LLCNewport Beach, CA2818D
54Needham & Company, LLCNew York, NY2711D
55BNY Mellon Capital Markets, LLCNew York, NY269D
56FIS Brokerage & Securities Services LLCBolingbrook, IL233D
57Buckman, Buckman & Reid, Inc.Little Silver, NJ223D
58TD Securities (USA) LLCNew York, NY2219D
59Sumo Capital, LLCChicago, IL222D
60Speedtrader, IncKatonah, NY222D
61Consolidated Trading LLCChicago, IL221F
62Casey Securities LLCGreenbrae, CA202D
63CTC, LLCChicago, IL183F
64Credit Agricole Securities (USA) Inc.New York, NY186D
65Canaccord Genuity Wealth Management (USA) Inc.Vancouver182D
66First Georgetown Securities, Inc.Alexandria, VA183D
67Barrett & CompanyProvidence, RI173D
68Smith, Brown & Groover, Inc.Macon, GA173D
69State Street Global Advisors Funds Distributors, LLCBoston, MA176D
70Pershing Advisor Solutions LLCJersey City, NJ177D
71H.C.WAINWRIGHT & Co., LLCNew York, NY162D
72D & D Securities, Inc.Philadelphia, PA161F
73Lazard Freres & Co. LLCNew York, NY1610D
74Mizuho Securities USA LLCNew York, NY1613D
75Sagetrader, LLCEnglewood, NJ162D
76Dawson James Securities, Inc.Boca Raton, FL162D
77SAL Equity Trading, GPBala Cynwyd, PA162D
78Jump Trading, LLCChicago, IL156D
79Coda Markets, Inc.Wilmette, IL152D
80Allen & Company LLCNew York, NY142D
81TD Arranged Services LLCNew York, NY131D
82Lakeshore Securities, L.P.Chicago, IL132D
83Securian Financial Services, Inc.St. Paul, MN132F
84First Commonwealth Securities CorporationAtlanta, GA121D
85Intesa Sanpaolo IMI Securities Corp.New York, NY122D
86Optiver US LLCChicago, IL114D
87Liquidnet, Inc.New York, NY112D
88Cuna Brokerage Services, Inc.Waverly, IA118D
89Colonial Securities, Inc.New York, NY112D
90HRT Financial LPNew York, NY104D
91UBS Asset Management (US) Inc.New York, NY108D
92Bbva Securities Inc.New York, NY103D
93J. Streicher & Co. L.L.C.New York, NY91D
94OLD Mission Capital, LLCChicago, IL83D
95Dealerweb LLCJersey City, NJ74D
96Fortrend Securities, Inc.Melbourne, Vic70D
97Tradebot Systems, Inc.Kansas City, MO71D
98Akuna Securities LLCChicago, IL71D
99Chimera Securities, LLCNew York, NY72D
100XR Securities LLCChicago, IL61D