Michigan

Broker-dealer firm disciplinary records from FINRA BrokerCheck

Data updated July 2026

Michigan at a glance

As of July 2026, Michigan registers 39 broker-dealer firms on FINRA BrokerCheck - 21 carry a clean record and 108 disclosures are on file statewide.

39
registered firms: 21
with a clean record (Grade A): 108
total disclosures statewide: 2.8
disclosures per firm (avg)

Registered Firms

Clean Record (Grade A)

108

Total Disclosures

2.8

Avg Disclosures / Firm

How Michigan 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, Michigan is #17 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 #22 of 33. These ranks diverge notably -- a larger firm footprint here does not translate into a proportionally cleaner record. 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 Michigan's 39 graded broker-dealers split across the size-normalized A-F safety scale.

Grade breakdown of 39 graded firms headquartered in Michigan

Firms by Disclosure Count

#	Firm	Disclosures	Offices	Grade
1	SRT Securities LLC Birmingham	26	6	C
2	Comerica Securities Auburn Hills	16	8	B
3	Parkland Securities, LLC Ann Arbor	12	217	B
4	Corecap Investments, LLC Southfield	9	43	B
5	J.W. Korth & Company Lansing	7	5	B
6	Hantz Financial Services, Inc. Southfield	6	44	B
7	Regulus Financial Group, LLC Kentwood	5	71	B
8	JAG Trading L.L.C. West Bloomfield	4	2	B
9	Multi-Bank Securities, Inc. Southfield	4	13	B
10	USA Financial Securities LLC Ada	4	138	B
11	GLP Investment Services, LLC Farmington	3	13	B
12	Centennial Securities Company, Inc. Grand Rapids	2	9	B
13	Donnelly Penman & Partners Grosse Pointe Woods	2	3	B
14	Jack V. Butterfield Investment Company Jackson	2	3	B
15	Northbridge Financial Services Ann Arbor	2	2	B
16	THE Enterprise Securities Company Farmington Hills	2	2	B
17	Gregory J. Schwartz & Co., Inc. Bloomfield Hills	1	4	B
18	Paradigm Equities, Inc. East Lansing	1	3	B
19	1031 Securities Inc. Franklin	0	5	A
20	American Alternative Capital, LLC Ann Arbor	0	4	A
21	Ansley Securities LLC Bloomfield Hills	0	2	A
22	Aurora Securities Troy	0	29	A
23	Burnham & Flower Financial, Inc. Kalamazoo	0	2	A
24	Cascade Partners BD, LLC Southfield	0	3	A
25	CIG Securities Southfield	0	2	A
26	ELE Wealth Solutions, Inc. Southfield	0	10	A
27	GCG Securities, LLC Birmingham	0	4	A
28	Hsip Securities, LLC Traverse City	0	1	A
29	Koehler Financial, LLC Stevensville	0	2	A
30	Krambo Corportion Ann Arbor	0	2	A
31	MBX Clearing LLC Farmington Hills	0	1	A
32	ONE Amherst Partners, LLC Birmingham	0	2	A
33	RAM Financial LLC Detroit	0	1	A
34	Redtail Capital Markets, LLC West Bloomfield	0	3	A
35	Rehmann Financial Network, LLC Lansing	0	15	A
36	Stout Capital, LLC Royal Oak	0	5	A
37	UHY Capital Group, LLC Farmington Hills	0	2	A
38	Woodward Park Securities, LLC Bloomfield Hills	0	2	A
39	WWF Securities, LLC Detroit	0	2	A

Inside Michigan's Broker-Dealer Landscape

Michigan has 39 actively registered broker-dealer firms in FINRA's public register, of which 21 (53.8%) carry a clean Grade-A record with no reportable BrokerCheck disclosures.

The state's aggregate disciplinary footprint totals 108 disclosures on BrokerCheck, averaging 2.8 per firm. Grade distribution across Michigan's broker-dealers: 21 graded A, 17 graded B, 1 graded C, 0 graded D, and 0 graded F. That means 53.8% 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 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.

Frequently asked questions

How many broker-dealer firms are registered in Michigan?

Michigan has 39 actively registered broker-dealer firms on FINRA BrokerCheck, of which 21 (53.8%) hold a clean Grade-A record with no reportable disclosures.

Which Michigan broker-dealer has the most FINRA disclosures?

Among firms registered in Michigan, SRT Securities LLC carries the most reported BrokerCheck disclosures (26 across 6 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 Michigan 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 Michigan 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.