Alabama

Broker-dealer firm disciplinary records from FINRA BrokerCheck

Data updated July 2026

Alabama at a glance

As of July 2026, Alabama registers 17 broker-dealer firms on FINRA BrokerCheck - 8 carry a clean record and 40 disclosures are on file statewide.

17
registered firms: 8
with a clean record (Grade A): 40
total disclosures statewide: 2.4
disclosures per firm (avg)

Registered Firms

Clean Record (Grade A)

Total Disclosures

2.4

Avg Disclosures / Firm

How Alabama ranks

A state's raw firm count and its disciplinary clean-record rate measure two different things, and they do not always move together. A jurisdiction can host a large number of broker-dealer firms simply because it is a major financial hub, while a smaller state with far fewer registered firms can post a cleaner disciplinary record in relative terms, or vice versa. Comparing both rankings side by side, rather than looking at either figure in isolation, gives a fuller picture of what is actually happening on the ground in a given state.

By firm count, Alabama is #26 of 56 states and territories. By clean-record rate (Grade A share, among the 33 states with at least 10 registered firms, a floor that keeps a state with only a handful of firms from swinging to an extreme rate on a tiny sample), it ranks #25 of 33. The two ranks are broadly in line with each other, this state's disciplinary profile scales with its firm population about as expected, neither notably better nor worse than its size would suggest.

Grade Distribution

How Alabama's 17 graded broker-dealers split across the size-normalized A-F safety scale.

Grade breakdown of 17 graded firms headquartered in Alabama

Firms by Disclosure Count

#	Firm	Disclosures	Offices	Grade
1	Stonex Securities Inc. Birmingham	13	309	B
2	JOE Jolly & Co., Inc. Birmingham	8	2	C
3	NBC Securities, Inc. Birmingham	6	43	B
4	THE Frazer Lanier Company, Incorporated Montgomery	5	4	B
5	SCA Development, LLC Birmingham	3	2	B
6	FNBB Capital Markets, LLC Birmingham	2	4	B
7	Investment Distributors, Inc. Birmingham	1	10	B
8	LEC Investment Corp. Birmingham	1	2	B
9	Thornton Farish Inc. Montgomery	1	2	B
10	BHK Securities, LLC Birmingham	0	3	A
11	CRI M&A Advisors, LLC Montgomery	0	4	A
12	Founders M&A Advisory, LLC Birmingham	0	2	A
13	Keel Point Capital, LLC Huntsville	0	12	A
14	Little River Capital, LLC Vestavia Hills	0	2	A
15	Park Place Capital Securities Corp. Homewood	0	2	A
16	Redmont Capital Markets LLC Birmingham	0	2	A
17	Vested Securities Tuscaloosa	0	2	A

Inside Alabama's Broker-Dealer Landscape

Alabama has 17 actively registered broker-dealer firms in FINRA's public register, of which 8 (47.1%) carry a clean Grade-A record with no reportable BrokerCheck disclosures.

The state's aggregate disciplinary footprint totals 40 disclosures on BrokerCheck, averaging 2.4 per firm. Grade distribution across Alabama's broker-dealers: 8 graded A, 8 graded B, 1 graded C, 0 graded D, and 0 graded F. That means 47.1% of graded firms hold an A and 0.0% fall into the D or F bands.

Grades reflect our internal model weighing disclosure volume against firm size and scope; they are editorial signals, not FINRA ratings. Disclosure totals on BrokerCheck represent reported events, not proven violations, large multistate firms headquartered in Alabama will naturally carry more disclosures than small single-office firms. This page is informational only and is not financial, legal, or investment advice. Before hiring any Alabama advisor, confirm the firm's current record at FINRA BrokerCheck and review the specific representative's individual CRD report.

Frequently asked questions

How many broker-dealer firms are registered in Alabama?

Alabama has 17 actively registered broker-dealer firms on FINRA BrokerCheck, of which 8 (47.1%) hold a clean Grade-A record with no reportable disclosures.

Which Alabama broker-dealer has the most FINRA disclosures?

Among firms registered in Alabama, Stonex Securities Inc. carries the most reported BrokerCheck disclosures (13 across 309 branch offices). Disclosure totals reflect reported events, not proven violations, larger firms naturally carry more. Always review the specific records on FINRA BrokerCheck.

How are PlainAdvisorCheck safety grades calculated?

Grades are size-normalized: a firm's weighted disclosure load is divided by its branch-office footprint, then ranked within its size class. Firms with zero disclosures earn an A regardless of size. Grades are editorial signals, not FINRA ratings. See our methodology for the exact formula.

Is this official Alabama broker data?

Yes. All firm records come from FINRA BrokerCheck and the SEC Investment Adviser Public Disclosure (IAPD) - the official public registries for U.S. broker-dealers. PlainAdvisorCheck aggregates and size-normalizes them; the underlying records are public domain.

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Read our methodology - how this data is sourced, computed, and verified.

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Data sourced from official FINRA BrokerCheck and SEC EDGAR enforcement records. See our methodology for details. Retrieved and formatted by PlainAdvisorCheck Editorial

Compiled by PlainAdvisorCheck Editorial, Financial Advisor Discipline Editorial Team

Every figure on PlainAdvisorCheck is rendered directly from FINRA BrokerCheck and SEC IAPD disciplinary records, no number is typed in by an editor. This page draws directly on SEC/FINRA regulatory filing data, no figure is typed in by an editor. See our editorial standards & corrections policy, the methodology behind these numbers, or report a data error.