Maryland
Broker-dealer firm disciplinary records from FINRA BrokerCheck
Grade Distribution
Firms by Disclosure Count
| Firm | Disclosures | Advisors | Grade | Status |
|---|---|---|---|---|
| CHAPIN, DAVIS | 11 | 1 | F | Active |
| M&T SECURITIES, INC. | 8 | 1 | F | Active |
| XML SECURITIES | 7 | 1 | F | Active |
| FOUNDERS FINANCIAL SECURITIES LLC | 1 | 1 | F | Active |
| BENGUR BRYAN & CO., INC. | 0 | 1 | A | Active |
| CGA SECURITIES, LLC | 0 | 1 | A | Active |
| ENTERPRISE EQUITIES, INC. | 0 | 1 | A | Active |
| HASI SECURITIES LLC | 0 | 1 | A | Active |
| LGA CAPITAL | 0 | 1 | A | Active |
| NC SECURITIES, LLC | 0 | 1 | A | Active |
| SC&H CAPITAL CORPORATION | 0 | 1 | A | Active |
| SHOT TOWER SECURITIES LLC | 0 | 1 | A | Active |
Inside Maryland's Broker-Dealer Landscape
Maryland is home to 12 broker-dealer firms in FINRA's public register, of which 12 (100.0%) are currently marked ACTIVE. Those firms employ 12 registered advisors across their home offices and branches — an average of 1.0 advisors per firm.
The state's aggregate disciplinary footprint totals 27 disclosures on BrokerCheck, averaging 2.3 per firm. Grade distribution across Maryland's broker-dealers: 8 graded A, 0 graded B, 0 graded C, 0 graded D, and 4 graded F. That means 66.7% of graded firms hold an A and 33.3% 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 Maryland 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 Maryland advisor, confirm the firm's current record at FINRA BrokerCheck and review the specific representative's individual CRD report.
Read our methodology — how this data is sourced, computed, and verified.
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