Louisiana

Broker-dealer firm disciplinary records from FINRA BrokerCheck

Louisiana at a glance

As of July 2026, Louisiana registers 8 broker-dealer firms on FINRA BrokerCheck - 3 carry a clean record and 19 disclosures are on file statewide.

8
registered firms: 3
with a clean record (Grade A): 19
total disclosures statewide: 2.4
disclosures per firm (avg)

Registered Firms

Clean Record (Grade A)

Total Disclosures

2.4

Avg Disclosures / Firm

Grade Distribution

How Louisiana's 8 graded broker-dealers split across the size-normalized A-F safety scale.

Grade breakdown of 8 graded firms headquartered in Louisiana

Firms by Disclosure Count

#	Firm	Disclosures	Offices	Grade
1	Johnson Rice & Company L.L.C. New Orleans	9	2	C
2	Hancock Whitney Investment Services Inc. New Orleans	4	3	B
3	Capital ONE Securities, Inc. New Orleans	3	12	C
4	Sisung Securities Corporation Metairie	2	3	B
5	Harger and Company, Inc. Baton Rouge	1	3	B
6	AMS Brokerage Services LLC Baton Rouge	0	2	A
7	Chaffe Securities, Inc. New Orleans	0	2	A
8	Legacy Capital Fund, Inc. Metairie	0	2	A

Inside Louisiana's Broker-Dealer Landscape

Louisiana has 8 actively registered broker-dealer firms in FINRA's public register, of which 3 (37.5%) carry a clean Grade-A record with no reportable BrokerCheck disclosures.

The state's aggregate disciplinary footprint totals 19 disclosures on BrokerCheck, averaging 2.4 per firm. Grade distribution across Louisiana's broker-dealers: 3 graded A, 3 graded B, 2 graded C, 0 graded D, and 0 graded F. That means 37.5% 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 Louisiana 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 Louisiana 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 Louisiana?

Louisiana has 8 actively registered broker-dealer firms on FINRA BrokerCheck, of which 3 (37.5%) hold a clean Grade-A record with no reportable disclosures.

Which Louisiana broker-dealer has the most FINRA disclosures?

Among firms registered in Louisiana, Johnson Rice & Company L.L.C. carries the most reported BrokerCheck disclosures (9 across 2 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 Louisiana 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.