FINRA-Registered Broker Dealer Reviews
The Financial Industry Regulatory Authority (FINRA) is the self-regulator that oversees financial advisors and broker-dealers. Below, you will find detailed information on some of the largest FINRA-registered broker-dealers in the USA, including a review of their regulatory history.
FINRA operates the largest securities dispute resolution forum in the United States, called FINRA Dispute Resolution. Brokerage firms registered with FINRA agree to participate in this process to resolve disputes between investors and firms or their registered representatives. Most brokerage firms also have mandatory arbitration clauses in their account agreements requiring investors to file disputes through FINRA.
The self-regulator also offers reviews of all FINRA-registered broker-dealers and brokerages. The FINRA BrokerCheck tool is a free online tool that allows investors to research and verify the background and credentials of financial brokers, brokerage firms, and investment advisors registered with FINRA.
FINRA BrokerCheck provides investors with detailed information about the professional history, qualifications, and regulatory actions of brokers and brokerage firms. Investors can use the tool to verify whether any broker-dealer or brokerage firm, from small ones to some of the largest firms in the USA today, is FINRA-registered, as well as access reviews of their employment history, licensing status, and any regulatory actions or complaints filed against them.
Class Action vs. Individual FINRA Arbitration Lawsuit
Is a significant class action lawsuit better than an individual FINRA arbitration case? The answer depends on many factors, but an individual arbitration claim is likely better if the loss sustained is significant (say, more extensive than $100,000). In the reviews of FINRA-registered broker-dealers and brokerages below, you can learn whether the firm has been involved in FINRA arbitration or class actions in the past. Class actions as a recovery option are more appropriate for grouping large numbers of individuals who have small claims – too small to generally pursue individually.
The White Law Group represents investors in FINRA claims in all 50 states against their financial professional or brokerage firm. Since the firm launched in 2010, our attorneys have handled over 800 FINRA arbitration cases across the country and recovered over $50,000,000 on behalf of investors.
FINRA-Registered Broker Dealer Reviews
The following links provide detailed information about FINRA-registered broker-dealers, including a review of regulatory actions, customer complaints, and broker misconduct.
- Aegis Capital Corp.
- American Portfolios Financial Services
- Ameriprise Financial
- Arete Wealth Management, LLC
- Atria Wealth Solutions
- Ausdal Financial Partners Inc.
- Avantax Investment Services (HD Vest)
- Riley Wealth
- Berthel, Fisher and Company
- CFD Investments Inc.
- Cabot Lodge Securities
- Cadaret, Grant & Company
- Calton & Associates
- Cambridge Investment Research, LLC
- Cantella & Co.
- Cantor Fitzgerald & Co.
- Centaurus Financial Inc.
- Center Street Securities, Inc.
- Cetera Advisors, LLC and Cetera Advisor Networks, LLC
- Concorde Investment Services
- Concourse Financial Group (Proequities Inc.)
- Commonwealth Financial Network, Inc.
- Crown Capital Securities
- David Lerner Associates
- Edward Jones
- Equitable Advisors, Inc. (AXA Advisors)
- FSC Securities Corp.
- First Allied Securities, Inc.
- Fortune Financial
- A. Repple & Company
- Geneos Wealth Management, Inc.
- Grove Point Investments, LLC (H. Beck)
- Hightower Securities LLC
- Hilltop Securities Inc.
- Hornor, Townsend & Kent LLC
- Independent Financial Group LLC
- Infinex Investments
- IBN Financial Services
- Janney Montgomery Scott, LLC
- P. Morgan Securities LLC
- P. Turner
- JW Cole Financial Inc.
- Joseph Gunnar & Company LLC
- Joseph Stone Capital
- Kestra Investment Services, LLC
- Kovack Securities Inc.
- Ladenburg Thalmann and Co.
- LaSalle St. Securities
- Lincoln Financial Advisors Corporation
- LPL Financial, LLC
- Madison Avenue Securities, LLC
- Merrill Lynch, Pierce, Fenner & Smith Incorporated
- MML Investors Services, LLC
- Moors & Cabot Inc.
- Morgan Stanley & Co.
- NYLife Securities
- National Securities Corporation
- Newbridge Securities
- Next Financial Group
- Northwestern Mutual Investment Services
- N. Equity Sales Company
- Osaic Wealth (Advisor Group)
- Oppenheimer
- Park Avenue Securities LLC
- Parkland Securities
- Prospera Financial Services Inc.
- Pruco Securities
- Raymond James & Associates, Inc.
- Royal Alliance Associates, Inc.
- SA Stone Wealth Management, LLC (Sterne Agee Financial)
- SagePoint Financial Inc.
- Securian Financial Services, LLC
- Securities America, Inc.
- Stifel Nicolaus & Co.
- Summit Brokerage Services
- The Investment Center Inc.
- Thrivent Investment Management
- Triad Advisors LLC
- UBS Financial Services
- Vanderbilt Securities, LLC
- Voya Financial Advisors
- Webull Financial
- Wedbush Securities
- Wells Fargo Clearing Services
- Westpark Capital, Inc.
- Western International Securities, Inc.
- Woodbury Financial Services, Inc.
Frequently Asked Questions
What factors should I consider as I decide between broker-dealers?
In addition to reading our reviews of FINRA-registered broker-dealers, there are several factors you should consider as you evaluate potential brokers. This includes:
- Your investment goals: If you are early in your career, you likely have a higher tolerance for risk in your investments, whereas someone approaching retirement should be more focused on stability.
- Costs and fees: Some accounts require minimum balances to set up an account, usually $1,000 or less. Other accounts may also have withdrawal fees.
Broker Qualifications: Brokers must pass several industry licensing examinations, including the Securities Industries Essentials Exam and the Series 7 General Securities Representative Qualification Exam.
Last modified: March 19, 2025