The total number of broker-dealers registered with the Financial Industry Regulatory Authority continues to decline, falling 2.5% from 3,607 in 2018 to 3,517 in 2019, with FINRA losing 90 firms, according to FINRA’s 2020 industry snapshot report.
The total number of registered representatives dropped 0.7%, with 629,529 registered reps in 2018 versus 624,674 in 2019.
Of the total number of reps registered in 2019, 328,997 were registered with broker-dealers only while 295,677 were dually registered.
“The snapshot provides visibility into the broad range of firms, individuals and trading activity that FINRA oversees. This year’s edition includes new data on markets activity, including fixed income and equity trading by venue and product type,” said FINRA Chief Economist Jonathan Sokobin.