Michigan
Broker-dealer firm disciplinary records from FINRA BrokerCheck
Grade Distribution
Firms by Disclosure Count
| Firm | Disclosures | Advisors | Grade | Status |
|---|---|---|---|---|
| SRT SECURITIES LLC | 25 | 1 | F | Active |
| J.W. KORTH & COMPANY | 7 | 1 | F | Active |
| JAG TRADING L.L.C. | 4 | 1 | F | Active |
| DONNELLY PENMAN & PARTNERS | 2 | 1 | F | Active |
| 1031 SECURITIES INC. | 0 | 1 | A | Active |
| AURORA SECURITIES | 0 | 1 | A | Active |
| BURNHAM & FLOWER FINANCIAL, INC. | 0 | 1 | A | Active |
| CIG SECURITIES | 0 | 1 | A | Active |
| GCG SECURITIES, LLC | 0 | 1 | A | Active |
| HSIP SECURITIES, LLC | 0 | 1 | A | Active |
| KRAMBO CORPORTION | 0 | 1 | A | Active |
| RAM FINANCIAL LLC | 0 | 1 | A | Active |
| UHY CAPITAL GROUP, LLC | 0 | 1 | A | Active |
| WWF SECURITIES, LLC | 0 | 1 | A | Active |
Inside Michigan's Broker-Dealer Landscape
Michigan is home to 14 broker-dealer firms in FINRA's public register, of which 14 (100.0%) are currently marked ACTIVE. Those firms employ 14 registered advisors across their home offices and branches — an average of 1.0 advisors per firm.
The state's aggregate disciplinary footprint totals 38 disclosures on BrokerCheck, averaging 2.7 per firm. Grade distribution across Michigan's broker-dealers: 10 graded A, 0 graded B, 0 graded C, 0 graded D, and 4 graded F. That means 71.4% of graded firms hold an A and 28.6% 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 Michigan 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 Michigan 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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