Missouri

Broker-dealer firm disciplinary records from FINRA BrokerCheck

Data updated July 2026

Missouri at a glance

As of July 2026, Missouri registers 36 broker-dealer firms on FINRA BrokerCheck - 9 carry a clean record and 1,236 disclosures are on file statewide.

36
registered firms
9
with a clean record (Grade A)
1,236
total disclosures statewide
34.3
disclosures per firm (avg)
36
Registered Firms
9
Clean Record (Grade A)
1,236
Total Disclosures
34.3
Avg Disclosures / Firm

How Missouri 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, Missouri is #18 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 #33 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 Missouri's 36 graded broker-dealers split across the size-normalized A-F safety scale.

A, clean (9)9 firmsB, low (22)22 firmsC, typical (3)3 firmsD, elevated (2)2 firmsF, heaviest (0)0 firms
Grade breakdown of 36 graded firms headquartered in Missouri

Firms by Disclosure Count

# Firm DisclosuresOfficesGrade
1 Wells Fargo Clearing Services, LLC St. Louis 489 7,651 B
2 Edward Jones St. Louis 325 18,742 B
3 Stifel, Nicolaus & Company, Incorporated St. Louis 251 757 C
4 Wells Fargo Advisors Financial Network, LLC St. Louis 74 2,019 B
5 Sunset Financial Services, Inc. Kansas City 11 2 C
6 Smith, Moore & Co. Clayton 9 16 B
7 Sogotrade, Inc. Chesterfield 9 4 C
8 Huntleigh Securities Corporation St. Louis 8 14 B
9 Tradebot Systems, Inc. Kansas City 7 1 D
10 Commerce Brokerage Services, Inc. Clayton 5 6 B
11 Arlington Securities, Inc. St. Louis 4 15 B
12 L.J. Hart and Company St. Louis 4 4 B
13 UMB Financial Services, Inc. Kansas City 4 105 B
14 Valdes & Moreno, Inc. Parkville 4 3 B
15 Vestech Securities, Inc. St. Louis 4 3 B
16 American Century Investment Services Inc. Kansas City 3 14 B
17 Benjamin F. Edwards & Company, Inc. St. Louis 3 255 B
18 Consolidated Financial Investments, Inc. Clayton 3 3 B
19 First Heartland Capital, Inc. Lake St. Louis 3 114 B
20 N.I.S. Financial Services, Inc. Kansas City 3 2 D
21 Penrod Financial Group Branson 3 2 B
22 Saxony Securities, Inc. St. Louis 3 47 B
23 First Bankers' Banc Securities, Inc St. Louis 2 4 B
24 Sable Capital LLC St. Louis 2 2 B
25 Beyondtrade Securities Inc. St. Louis 1 2 B
26 Burch & Company, Inc Kansas City 1 8 B
27 Stern Brothers & Co. St. Louis 1 10 B
28 FG Capital LC St. Louis 0 2 A
29 Forvis Mazars Capital Advisors, LLC Springfield 0 7 A
30 Heim, Young & Associates, Inc. Springfield 0 5 A
31 Larson Financial Securities, LLC Saint Louis 0 19 A
32 Liquifi LLC Lee'S Summit 0 1 A
33 M&A Securities Group, Inc. Kansas City 0 11 A
34 Middle Market Transactions, Inc. St. Louis 0 3 A
35 Rubinbrown Corporate Finance, LLC St. Louis 0 3 A
36 Sauer, Dazey Investment Company St. Louis 0 2 A

Inside Missouri's Broker-Dealer Landscape

Missouri has 36 actively registered broker-dealer firms in FINRA's public register, of which 9 (25.0%) carry a clean Grade-A record with no reportable BrokerCheck disclosures.

The state's aggregate disciplinary footprint totals 1,236 disclosures on BrokerCheck, averaging 34.3 per firm. Grade distribution across Missouri's broker-dealers: 9 graded A, 22 graded B, 3 graded C, 2 graded D, and 0 graded F. That means 25.0% of graded firms hold an A and 5.6% 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 Missouri 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 Missouri 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 Missouri?
Missouri has 36 actively registered broker-dealer firms on FINRA BrokerCheck, of which 9 (25.0%) hold a clean Grade-A record with no reportable disclosures.
Which Missouri broker-dealer has the most FINRA disclosures?
Among firms registered in Missouri, Wells Fargo Clearing Services, LLC carries the most reported BrokerCheck disclosures (489 across 7,651 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 Missouri 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.
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Read our methodology - how this data is sourced, computed, and verified.

Related

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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

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.