Rhode Island

Broker-dealer firm disciplinary records from FINRA BrokerCheck

Rhode Island at a glance

As of July 2026, Rhode Island registers 7 broker-dealer firms on FINRA BrokerCheck - 1 carry a clean record and 219 disclosures are on file statewide.

7
registered firms: 1
with a clean record (Grade A): 219
total disclosures statewide: 31.3
disclosures per firm (avg)

Registered Firms

Clean Record (Grade A)

219

Total Disclosures

31.3

Avg Disclosures / Firm

Grade Distribution

How Rhode Island's 7 graded broker-dealers split across the size-normalized A-F safety scale.

Grade breakdown of 7 graded firms headquartered in Rhode Island

Firms by Disclosure Count

#	Firm	Disclosures	Offices	Grade
1	Fidelity Brokerage Services LLC Smithfield	152	739	C
2	Citizens Securities, Inc. Johnston	22	1,046	B
3	Fidelity Distributors Company LLC Smithfield	20	19	C
4	Barrett & Company Providence	17	3	D
5	Brown, Lisle/Cummings, Inc. Providence	7	3	C
6	Gramercy Securities, Inc. Charlestown	1	3	B
7	Diversified Resources, LLC Warwick	0	3	A

Inside Rhode Island's Broker-Dealer Landscape

Rhode Island has 7 actively registered broker-dealer firms in FINRA's public register, of which 1 (14.3%) carry a clean Grade-A record with no reportable BrokerCheck disclosures.

The state's aggregate disciplinary footprint totals 219 disclosures on BrokerCheck, averaging 31.3 per firm. Grade distribution across Rhode Island's broker-dealers: 1 graded A, 2 graded B, 3 graded C, 1 graded D, and 0 graded F. That means 14.3% of graded firms hold an A and 14.3% 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 Rhode Island 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 Rhode Island 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 Rhode Island?

Rhode Island has 7 actively registered broker-dealer firms on FINRA BrokerCheck, of which 1 (14.3%) hold a clean Grade-A record with no reportable disclosures.

Which Rhode Island broker-dealer has the most FINRA disclosures?

Among firms registered in Rhode Island, Fidelity Brokerage Services LLC carries the most reported BrokerCheck disclosures (152 across 739 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 Rhode Island 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 Rhode Island 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.