Firms with Most Disclosures

The 100 broker-dealer firms with the highest total reported FINRA BrokerCheck disclosures, regulatory events, arbitrations, and civil judicial events combined. Raw counts rise with firm size, so review each firm's size-normalized grade and per-office intensity, not just the headline number.

This list, in one line

Citigroup Global Markets Inc. leads this top-100 disclosure board at 1,233 reported events; Truist Investment Services, Inc. is the #100 cutoff to make this list at 28 disclosures.

1,233
#1 - Citigroup Global Markets Inc.: 28
#100, the cutoff to make this list: 30.5%
of all disclosures in these 100 firms: 13.5%
of all disclosures in the top 10

As of July 2026, these 100 firms are 0.5% of the 20,055 broker-dealers tracked, yet carry 30.5% of every reported disclosure fleet-wide.

Disclosure concentration

As of July 2026, these 100 firms are just 0.5% of the 20,055 broker-dealer firms PlainAdvisorCheck tracks, yet they account for 30.5% of every reported disclosure fleet-wide (12,744 of 41,823). The top 10 alone carry 13.5% of all disclosures (5,630). Disciplinary history on FINRA BrokerCheck is heavily concentrated in a small tail of firms, not spread evenly across the industry.

#	Firm	Disclosures	Offices	Grade
1	Citigroup Global Markets Inc.New York, NY	1,233	2,867	C
2	UBS Financial Services Inc.Weehawken, NJ	926	6,346	C
3	Morgan Stanley & Co. LLCNew York, NY	552	44	F
4	J.P. Morgan Securities LLCNew York, NY	547	6,951	B
5	RBC Capital Markets, LLCNew York, NY	490	4,053	C
6	Wells Fargo Clearing Services, LLCSt. Louis, MO	489	7,651	B
7	Goldman Sachs & Co. LLCNew York, NY	433	37	D
8	Edward JonesSt. Louis, MO	325	18,742	B
9	Charles Schwab & Co., Inc.Westlake, TX	318	1,403	C
10	UBS Securities LLCNew York, NY	317	39	D
11	Deutsche Bank Securities Inc.New York, NY	307	9	F
12	LPL Financial LLCFort Mill, SC	289	32,976	B
13	Oppenheimer & Co. Inc.New York, NY	284	630	C
14	Raymond James & Associates, Inc.St. Petersburg, FL	253	3,107	C
15	Stifel, Nicolaus & Company, IncorporatedSt. Louis, MO	251	757	C
16	Wedbush Securities Inc.Pasadena, CA	212	152	D
17	Raymond James Financial Services, Inc.St. Petersburg, FL	204	3,736	B
18	Piper Sandler & Co.Minneapolis, MN	192	80	D
19	Ameriprise Financial Services, LLCMinneapolis, MN	184	15,626	B
20	Morgan StanleyPurchase, NY	183	3,805	B
21	Barclays Capital Inc.New York, NY	164	19	D
22	Cibc World Markets Corp.New York, NY	162	6	F
23	Wells Fargo Securities, LLCCharlotte, NC	162	84	D
24	Fidelity Brokerage Services LLCSmithfield, RI	152	739	C
25	Jefferies LLCNew York, NY	137	42	D
26	Janney Montgomery Scott LLCPhiladelphia, PA	120	211	C
27	Interactive Brokers LLCGreenwich, CT	118	17	F
28	SG Americas Securities, LLCNew York, NY	115	5	F
29	Pershing LLCJersey City, NJ	106	18	D
30	BNP Paribas Securities Corp.New York, NY	101	9	D
31	Cantor Fitzgerald & Co.New York, NY	97	37	D
32	HSBC Securities (USA) Inc.New York City, NY	94	287	C
33	ABN Amro Clearing USA LLCChicago, IL	83	3	F
34	Nomura Securities International, Inc.New York, NY	83	126	C
35	Osaic Wealth, Inc.Scottsdale, AZ	82	5,899	B
36	Instinet, LLCNew York, NY	81	11	F
37	Hilltop Securities Inc.Dallas, TX	78	87	C
38	Citadel Securities LLCMiami, FL	76	7	D
39	Stonex Financial Inc.Winter Park, FL	76	28	D
40	Virtu Americas LLCNew York, NY	75	8	F
41	Robert W. Baird & Co. IncorporatedMilwaukee, WI	75	1,129	B
42	Bofa Securities, Inc.New York, NY	74	126	C
43	Wells Fargo Advisors Financial Network, LLCSt. Louis, MO	74	2,019	B
44	Dash Financial Technologies LLCChicago, IL	69	3	F
45	Robinhood Financial, LLCLake Mary, FL	65	29	D
46	Wolverine Trading, LLCChicago, IL	63	3	F
47	National Financial Services LLCBoston, MA	62	70	C
48	Susquehanna Securities, LLCBala Cynwyd, PA	60	3	F
49	Vanguard Marketing CorporationMalvern, PA	59	173	C
50	Wilson-Davis & Co., Inc.Salt Lake City, UT	58	2	F
51	Apex Clearing CorporationDallas, TX	57	6	F
52	Fifth Third Securities, Inc.Cincinnati, OH	57	1,391	B
53	Keybanc Capital Markets Inc.Cleveland, OH	55	43	D
54	StephensLittle Rock, AR	53	65	C
55	Ladenburg Thalmann & Co. Inc.New York, NY	50	7	D
56	D.A. Davidson & Co.Great Falls, MT	48	330	C
57	Canaccord Genuity LLCNew York, NY	48	50	C
58	BMO Capital Markets Corp.New York, NY	47	25	D
59	Lightspeed Financial Services Group LLCMorristown, NJ	47	3	F
60	Natwest Markets Securities Inc.Stamford, CT	47	7	D
61	Aegis Capital Corp.New York, NY	45	72	C
62	Voya Financial Advisors, Inc.Windsor, CT	45	449	C
63	Commonwealth Financial NetworkWaltham, MA	43	2,493	B
64	Wolverine Execution Services, LLCChicago, IL	43	2	F
65	Pruco Securities, LLC.Newark, NJ	43	28	D
66	Marex Capital Markets Inc.New York, NY	42	11	D
67	Berthel, Fisher & Company Financial Services, Inc.Cedar Rapids, IA	42	188	B
68	David Lerner Associates, Inc.Syosset, NY	42	9	C
69	Susquehanna Investment GroupBala Cynwyd, PA	42	3	D
70	Ibkr Securities Services LLCGreenwich, CT	42	2	F
71	IMC Financial MarketsChicago, IL	40	2	F
72	GTS Securities LLCMiami, FL	38	7	D
73	Osaic Services, Inc.Scottsdale, AZ	37	1	F
74	Equitable Advisors, LLCNew York, NY	37	2,311	B
75	Maxim Group LLCNew York, NY	37	7	F
76	Newbridge Securities CorporationBoca Raton, FL	37	34	B
77	Cetera Wealth Services, LLCEl Segundo, CA	37	4,114	B
78	BGC Financial, L.P.New York, NY	36	13	D
79	Sanford C. Bernstein & Co., LLCNashville, TN	35	27	D
80	Colliers Securities LLCMinneapolis, MN	35	17	B
81	G1 Execution Services, LLCChicago, IL	35	3	D
82	Moors & Cabot, Inc.Boston, MA	34	38	B
83	Wall Street AccessNew York, NY	34	9	C
84	Vision Financial Markets LLCStamford, CT	34	7	C
85	Group ONE Trading LLCChicago, IL	33	3	D
86	X-Change Financial Access, LLCChicago, IL	33	2	F
87	Tradestation Securities, Inc.Plantation, FL	33	22	B
88	TP Icap Global Markets Americas LLCNew York, NY	33	7	D
89	Global Execution Brokers, LPBala Cynwyd, PA	32	1	F
90	Tradition Securities and Derivatives LLCNew York, NY	32	7	D
91	William BlairChicago, IL	31	303	C
92	Oscar Gruss & SON IncorporatedNew York, NY	31	3	D
93	Sanctuary Securities, Inc.Miami, FL	30	88	C
94	GFI Securities LLCNew York, NY	30	11	C
95	Daiwa Capital Markets America Inc.New York, NY	30	29	D
96	U.S. Bancorp Investments, Inc.Saint Paul, MN	29	54	C
97	Belvedere Trading LLCChicago, IL	29	9	D
98	PTR, Inc.Collingswood, NJ	28	1	F
99	MML Investors Services, LLCSpringfield, MA	28	3,871	B
100	Truist Investment Services, Inc.Atlanta, GA	28	2,629	B

Compiled by PlainAdvisorCheck

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PlainAdvisorCheck, “Firms with Most Complaints, Disciplinary Rankings | PlainAdvisorCheck.” Compiled from the underlying federal/official data source; data as of July 2026. https://plainadvisorcheck.com/rankings/most-complaints/

Formal citation formats (APA / MLA)

APA: PlainAdvisorCheck. (2026). Firms with Most Complaints, Disciplinary Rankings | PlainAdvisorCheck. Retrieved August 31, 2026, from https://plainadvisorcheck.com/rankings/most-complaints/

MLA: "Firms with Most Complaints, Disciplinary Rankings | PlainAdvisorCheck." PlainAdvisorCheck, 2026, https://plainadvisorcheck.com/rankings/most-complaints/.

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