New York

Broker-dealer firm disciplinary records from FINRA BrokerCheck

Data updated July 2026

New York at a glance

As of July 2026, New York registers 868 broker-dealer firms on FINRA BrokerCheck - 513 carry a clean record and 7,592 disclosures are on file statewide.

868
registered firms
513
with a clean record (Grade A)
7,592
total disclosures statewide
8.7
disclosures per firm (avg)
868
Registered Firms
513
Clean Record (Grade A)
7,592
Total Disclosures
8.7
Avg Disclosures / Firm

How New York 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, New York is #1 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 #17 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 New York's 868 graded broker-dealers split across the size-normalized A-F safety scale.

A, clean (513)513 firmsB, low (248)248 firmsC, typical (66)66 firmsD, elevated (34)34 firmsF, heaviest (7)7 firms
Grade breakdown of 868 graded firms headquartered in New York

Firms by Disclosure Count

# Firm DisclosuresOfficesGrade
1 Citigroup Global Markets Inc. New York 1,233 2,867 C
2 Morgan Stanley & Co. LLC New York 552 44 F
3 J.P. Morgan Securities LLC New York 547 6,951 B
4 RBC Capital Markets, LLC New York 490 4,053 C
5 Goldman Sachs & Co. LLC New York 433 37 D
6 UBS Securities LLC New York 317 39 D
7 Deutsche Bank Securities Inc. New York 307 9 F
8 Oppenheimer & Co. Inc. New York 284 630 C
9 Morgan Stanley Purchase 183 3,805 B
10 Barclays Capital Inc. New York 164 19 D
11 Cibc World Markets Corp. New York 162 6 F
12 Jefferies LLC New York 137 42 D
13 SG Americas Securities, LLC New York 115 5 F
14 BNP Paribas Securities Corp. New York 101 9 D
15 Cantor Fitzgerald & Co. New York 97 37 D
16 HSBC Securities (USA) Inc. New York City 94 287 C
17 Nomura Securities International, Inc. New York 83 126 C
18 Instinet, LLC New York 81 11 F
19 Virtu Americas LLC New York 75 8 F
20 Bofa Securities, Inc. New York 74 126 C
21 Ladenburg Thalmann & Co. Inc. New York 50 7 D
22 Canaccord Genuity LLC New York 48 50 C
23 BMO Capital Markets Corp. New York 47 25 D
24 Aegis Capital Corp. New York 45 72 C
25 David Lerner Associates, Inc. Syosset 42 9 C
26 Marex Capital Markets Inc. New York 42 11 D
27 Equitable Advisors, LLC New York 37 2,311 B
28 Maxim Group LLC New York 37 7 F
29 BGC Financial, L.P. New York 36 13 D
30 Wall Street Access New York 34 9 C
31 TP Icap Global Markets Americas LLC New York 33 7 D
32 Tradition Securities and Derivatives LLC New York 32 7 D
33 Oscar Gruss & SON Incorporated New York 31 3 D
34 Daiwa Capital Markets America Inc. New York 30 29 D
35 GFI Securities LLC New York 30 11 C
36 Needham & Company, LLC New York 27 11 D
37 BNY Mellon Capital Markets, LLC New York 26 9 D
38 Neuberger Berman BD LLC New York 25 783 B
39 Park Avenue Securities LLC New York 23 1,317 B
40 Speedtrader, Inc Katonah 22 2 D
41 TD Securities (USA) LLC New York 22 19 D
42 Nylife Securities LLC New York 20 2,345 B
43 Clearpool Execution Services, LLC New York 19 4 C
44 THE Benchmark Company, LLC New York 19 6 C
45 Bluefin Capital Management, LLC New York 18 4 C
46 Credit Agricole Securities (USA) Inc. New York 18 6 D
47 Ingalls & Snyder, LLC New York 18 20 B
48 Joseph Gunnar & Co. LLC Uniondale 18 3 C
49 TWO Sigma Securities, LLC New York 18 25 B
50 Keefe, Bruyette & Woods, Inc. New York 17 17 C

Inside New York's Broker-Dealer Landscape

New York has 868 actively registered broker-dealer firms in FINRA's public register, of which 513 (59.1%) carry a clean Grade-A record with no reportable BrokerCheck disclosures.

The state's aggregate disciplinary footprint totals 7,592 disclosures on BrokerCheck, averaging 8.7 per firm. Grade distribution across New York's broker-dealers: 513 graded A, 248 graded B, 66 graded C, 34 graded D, and 7 graded F. That means 59.1% of graded firms hold an A and 4.7% 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 New York 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 New York 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 New York?
New York has 868 actively registered broker-dealer firms on FINRA BrokerCheck, of which 513 (59.1%) hold a clean Grade-A record with no reportable disclosures.
Which New York broker-dealer has the most FINRA disclosures?
Among firms registered in New York, Citigroup Global Markets Inc. carries the most reported BrokerCheck disclosures (1,233 across 2,867 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 New York 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.