Maine

Broker-dealer firm disciplinary records from FINRA BrokerCheck

Data updated July 2026

Maine at a glance

As of July 2026, Maine registers 21 broker-dealer firms on FINRA BrokerCheck - 16 carry a clean record and 9 disclosures are on file statewide.

21
registered firms: 16
with a clean record (Grade A): 9
total disclosures statewide: 0.4
disclosures per firm (avg)

Registered Firms

Clean Record (Grade A)

Total Disclosures

0.4

Avg Disclosures / Firm

How Maine 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, Maine is #24 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 #1 of 33. These ranks diverge notably -- a smaller firm footprint here still carries a comparatively strong clean-record rate. Neither ranking implies wrongdoing on its own; always review an individual firm's own size-normalized grade before drawing a conclusion about it specifically.

Grade Distribution

How Maine's 21 graded broker-dealers split across the size-normalized A-F safety scale.

Grade breakdown of 21 graded firms headquartered in Maine

Firms by Disclosure Count

#	Firm	Disclosures	Offices	Grade
1	Maine Securities Corporation Portland	3	4	B
2	Foreside Distribution Services, L.P. Portland	2	12	B
3	Funds Distributor, LLC Portland	2	23	B
4	Creatis Capital LLC Cape Elizabeth	1	2	B
5	Parnassus Funds Distributor, LLC Portland	1	13	B
6	BFY Securities, LLC Camden	0	2	A
7	Distribution Services, LLC Portland	0	23	A
8	Foreside Financial Services, LLC Portland	0	79	A
9	Foreside Fund Services, LLC Portland	0	248	A
10	Foreside Funds Distributors LLC Portland	0	28	A
11	Foreside Global Services, LLC Portland	0	17	A
12	Imst Distributors, LLC Portland	0	29	A
13	M.J. Grossnickle, LLC Damariscotta	0	1	A
14	MGI Funds Distributors, LLC Portland	0	47	A
15	Northern Funds Distributors, LLC Portland	0	9	A
16	Orbis Investments (U.S.), LLC Portland	0	6	A
17	Perpetual Americas Funds Distributors, LLC Portland	0	14	A
18	Quasar Distributors, LLC Portland	0	68	A
19	Richard Brothers Securities South Portland	0	2	A
20	Smead Funds Distributors, LLC Portland	0	8	A
21	Sterling Capital Distributors, LLC Portland	0	23	A

Inside Maine's Broker-Dealer Landscape

Maine has 21 actively registered broker-dealer firms in FINRA's public register, of which 16 (76.2%) carry a clean Grade-A record with no reportable BrokerCheck disclosures.

The state's aggregate disciplinary footprint totals 9 disclosures on BrokerCheck, averaging 0.4 per firm. Grade distribution across Maine's broker-dealers: 16 graded A, 5 graded B, 0 graded C, 0 graded D, and 0 graded F. That means 76.2% 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 Maine 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 Maine 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 Maine?

Maine has 21 actively registered broker-dealer firms on FINRA BrokerCheck, of which 16 (76.2%) hold a clean Grade-A record with no reportable disclosures.

Which Maine broker-dealer has the most FINRA disclosures?

Among firms registered in Maine, Maine Securities Corporation carries the most reported BrokerCheck disclosures (3 across 4 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 Maine 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.

All Maine Firms → All States →

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.