Puerto Rico

Broker-dealer firm disciplinary records from FINRA BrokerCheck

Data updated July 2026

Puerto Rico at a glance

As of July 2026, Puerto Rico registers 16 broker-dealer firms on FINRA BrokerCheck - 11 carry a clean record and 34 disclosures are on file statewide.

16
registered firms
11
with a clean record (Grade A)
34
total disclosures statewide
2.1
disclosures per firm (avg)
16
Registered Firms
11
Clean Record (Grade A)
34
Total Disclosures
2.1
Avg Disclosures / Firm

How Puerto Rico 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, Puerto Rico is #30 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 #5 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 Puerto Rico's 16 graded broker-dealers split across the size-normalized A-F safety scale.

A, clean (11)11 firmsB, low (4)4 firmsC, typical (1)1 firmD, elevated (0)0 firmsF, heaviest (0)0 firms
Grade breakdown of 16 graded firms headquartered in Puerto Rico

Firms by Disclosure Count

# Firm DisclosuresOfficesGrade
1 Popular Securities, LLC San Juan 12 18 B
2 Oriental Financial Services LLC San Juan 11 6 B
3 Pariter Securities, LLC Guaynabo 6 2 C
4 First Southern, LLC Guaynabo 4 5 B
5 Mckenzie Securities LLC Guaynabo 1 3 B
6 16 Points LLC Vega Alta 0 2 A
7 Colonnade Island LLC Rio Grande 0 2 A
8 Comcap Holdings LLC San Juan 0 2 A
9 Cuatro Capital Securities LLC San Juan 0 3 A
10 Gamma Securities, LLC San Juan 0 2 A
11 IB Capital LLC San Juan 0 3 A
12 Joseph Capital, LLC San Juan 0 2 A
13 Palmas Securities Humacao 0 2 A
14 Pantek Securities LLC San Juan 0 3 A
15 Robus Capital Partners LLC San Juan 0 2 A
16 Universal Financial Services Inc. Guaynabo 0 4 A

Inside Puerto Rico's Broker-Dealer Landscape

Puerto Rico has 16 actively registered broker-dealer firms in FINRA's public register, of which 11 (68.8%) carry a clean Grade-A record with no reportable BrokerCheck disclosures.

The state's aggregate disciplinary footprint totals 34 disclosures on BrokerCheck, averaging 2.1 per firm. Grade distribution across Puerto Rico's broker-dealers: 11 graded A, 4 graded B, 1 graded C, 0 graded D, and 0 graded F. That means 68.8% 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 Puerto Rico 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 Puerto Rico 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 Puerto Rico?
Puerto Rico has 16 actively registered broker-dealer firms on FINRA BrokerCheck, of which 11 (68.8%) hold a clean Grade-A record with no reportable disclosures.
Which Puerto Rico broker-dealer has the most FINRA disclosures?
Among firms registered in Puerto Rico, Popular Securities, LLC carries the most reported BrokerCheck disclosures (12 across 18 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 Puerto Rico 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 Puerto Rico Firms → All States →

Read our methodology - how this data is sourced, computed, and verified.

Related

Browse all firms → | Rankings →
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.