State BrokerCheck inventory · July 2026

Maryland broker-dealer grades

According to FINRA BrokerCheck as of July 2026, Maryland ranks #22 of 56 by registered-firm inventory (24) and #28 of 56 by aggregate disclosure load (38), then #27 of 33 on disclosures-per-firm and #9 of 33 on Grade-A share among states with at least 10 firms. Inventory rank is not intensity rank: Missouri leads disclosures-per-firm on that 33-state board.

#22
of 56 by firm inventory
24
registered firms
38
disclosures on file
1.6
avg disclosures / firm

Maryland at a glance

According to FINRA BrokerCheck as of July 2026, Maryland ranks #22 of 56 by registered-firm inventory (24) and #28 of 56 by aggregate disclosure load (38), then #27 of 33 on disclosures-per-firm and #9 of 33 on Grade-A share among states with at least 10 firms. Inventory rank is not intensity rank: Missouri leads disclosures-per-firm on that 33-state board.

#22 of 56
registered-firm inventory
#28 of 56
aggregate disclosure load
#27 of 33
disclosures per firm (≥10 firms)
#9 of 33
Grade-A share (≥10 firms)

Disclosure-load ordinal matches the /states listing. Missouri leads disclosures-per-firm; Maine leads Grade-A share among states with at least 10 firms. Neither rank is investment advice. See methodology · corpus placement.

Where Maryland sits by disclosures per firm

COUNT-derived placement among 33 states and territories with at least 10 graded firms. Lower intensity is cleaner for residents; large multistate HQs can lift a state's average without describing every local office.

Maryland vs every ≥10-firm state by disclosures per firm

Size-normalized disclosure intensity · FINRA BrokerCheck extract

2 a lower disclosures-per-firm load than 18% of 33 floor-qualified states

0–2: 10 floor-qualified states (30%). This entry sits in this band. 2–4: 9 floor-qualified states (27%). Above this entry. 4–6: 8 floor-qualified states (24%). Above this entry. 6–8: 1 floor-qualified states (3%). Above this entry. 8–10: 1 floor-qualified states (3%). Above this entry. 10–12: 0 floor-qualified states (0%). Above this entry. 12–14: 2 floor-qualified states (6%). Above this entry. 14–16: 0 floor-qualified states (0%). Above this entry. 16–18: 0 floor-qualified states (0%). Above this entry. 18–20: 1 floor-qualified states (3%). Above this entry. 20–22: 0 floor-qualified states (0%). Above this entry. 22–24: 0 floor-qualified states (0%). Above this entry. 24–26: 0 floor-qualified states (0%). Above this entry. 26–28: 0 floor-qualified states (0%). Above this entry. 28–30: 0 floor-qualified states (0%). Above this entry. 30–32: 0 floor-qualified states (0%). Above this entry. 32–34: 0 floor-qualified states (0%). Above this entry. 34–36: 1 floor-qualified states (3%). Above this entry. Maryland 0 36 every state with ≥10 graded firms, bucketed by value

Each bar is a band; taller bars hold more floor-qualified states. The dashed line + filled bar mark this entry. Hover or tap any bar for its full count, share, and where it sits relative to this entry.

Source FINRA BrokerCheck · SEC IAPD · July 2026

Firm-size mix among 24 graded firms

FINRA BrokerCheck size classes in Maryland. Segments sum to the graded inventory, a catalog shape, not the A-F grade ChartBar below.

24
Registered Firms
16
Clean Record (Grade A)
38
Total Disclosures
1.6
Avg Disclosures / Firm

Grade Distribution

How Maryland's 24 graded broker-dealers split across the size-normalized A-F safety scale.

A, clean (16)16 firmsB, low (7)7 firmsC, typical (1)1 firmD, elevated (0)0 firmsF, heaviest (0)0 firms
Grade breakdown of 24 graded firms headquartered in Maryland

Firms by Disclosure Count

#FirmDisclosuresOfficesGrade
1Chapin, DavisBaltimore1318B
2M&T Securities, Inc.Baltimore79B
3XML SecuritiesBethesda79B
4International Money Management Group, Inc.Stevensville43B
5T. Rowe Price Investment Services, Inc.Baltimore439C
6Founders Financial Securities LLCTowson174B
7Global Brokerage Services, Inc.Hunt Valley19B
8Profunds Distributors, Inc.Bethesda14B
9Archer Distributors, LLCLaurel03A
10Bengur Bryan & Co., Inc.Baltimore02A
11Broadoak Partners, LLCBethesda03A
12CGA Securities, LLCBaltimore02A
13Enterprise Equities, Inc.Columbia02A
14Evergreen Advisors Capital, LLCColumbia02A
15First Craft Securities, LLCSt. Michaels02A
16Harbor Investment Advisory, LLCLutherville04A
17Hasi Securities LLCAnnapolis05A
18Jacques Financial, LLCRockville02A
19LGA CapitalRockville02A
20NC Securities, LLCEaston02A
21SC&H Capital CorporationColumbia02A
22Shot Tower Securities LLCBaltimore02A
23THE Baldwin Group Securities, LLCBethesda02A
24Ullico Investment Company, LLCSilver Spring05A

Lower disclosures per firm

Maryland's cooler per-firm intensity

Maryland ranks #27 of 33 on disclosures-per-firm (1.6) - cooler third among ≥10-firm states.

Maryland averages 1.6 disclosures per firm (#27 of 33 among ≥10-firm states) - cooler intensity band. Grade-A share is 66.7% (16 of 24 graded) - cleaner third among floor-qualified states; D/F share is 0.0%. Largest disclosure count in-state: Chapin, Davis (13 events, Grade B).

Grades are editorial signals from a size-normalized model, not FINRA ratings. Disclosure totals are reported events, not proven violations . This page is informational only and does not constitute financial, legal, or investment advice. Confirm current records at FINRA BrokerCheck.

Frequently asked questions

Where does Maryland sit among states by BrokerCheck disclosure load?
According to FINRA BrokerCheck as of July 2026, Maryland ranks #22 of 56 by registered-firm inventory (24) and #28 of 56 by aggregate disclosure load (38), then #27 of 33 on disclosures-per-firm and #9 of 33 on Grade-A share among states with at least 10 firms. Inventory rank is not intensity rank: Missouri leads disclosures-per-firm on that 33-state board. Aggregate disclosure load is not a judgment of the state's regulators or of any individual firm.
How many broker-dealer firms are registered in Maryland?
Maryland has 24 actively registered broker-dealer firms on FINRA BrokerCheck, of which 16 (66.7%) hold a clean Grade-A record with no reportable disclosures.
Which Maryland broker-dealer has the most FINRA disclosures?
Chapin, Davis leads Maryland's listing with 13 BrokerCheck disclosures across 18 offices (Grade B). Totals are reported events, not proven violations - verify on FINRA BrokerCheck.
How should I read Maryland's safety grades?
On Maryland's lighter-load board, grades stay size-normalized (weighted disclosures ÷ branch footprint within size class). Zero-disclosure firms earn A. Editorial signals only - not FINRA ratings; see methodology.
Is this official Maryland broker data?
Yes. Maryland's firm rows come from FINRA BrokerCheck and SEC IAPD public registries. PlainAdvisorCheck aggregates and size-normalizes them; underlying records are public domain. This is not financial advice.
All Maryland Firms → All States →

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

Data sourced from official FINRA BrokerCheck and SEC EDGAR enforcement records for Maryland. Maryland ranks #22 by firm inventory and #28 by disclosure load in the PlainAdvisorCheck extract as of July 2026.