Statistics (2024)

FINRA is responsible for regulating every broker and brokerage firm doing business with the U.S. public. The selected statistics below represent: 1) the work we do as a regulator and 2) an overview of the securities industry based on data we capture.

  • Key FINRA Statistics for 2022
    • Regulatory Actions and Corporate Financing Review 2017– 2022
  • Key Industry Statistics
    • 2023FINRA Industry Snapshot
    • Registered Representatives Statistical Review 2006– 2022
    • Member Firm Statistical Review 2006– 2022
    • Member Firm Branch Offices Statistical Review 2006– 2022

Statistics (1)

Statistics (2)

Statistics (3)

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Key FINRA Statistics for 2022

Registered Representatives

620,882

Securities Firms

3,378

Branch Offices

150,647

Market Events Processed Daily

427 billion

Fines Imposed

$54.5 M

Restitution Ordered

$26.2 M

Individuals Barred

227

Individuals Suspended

328

Firms Expelled

7

Firms Suspended

3

Fraud and Insider Trading Cases Referred for Prosecution

663

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Regulatory Actions and Corporate Financing Review 2017 – 2022

Regulatory Actions202220212020201920182017

Investor Complaints Received1

11,180

14,311

5,472

2,954

3,136

3,002

New Disciplinary Actions Filed2

743

782

808

854

921

1,369

Fines3 (in millions)

$54.5

$103.0

$57.0

$39.5

$61.0

$64.9

Restitution (in millions)

$26.2

$47.0

$25.2

$27.9

$25.5

$66.8

Firms Expelled4

7

1

2

6

16

20

Firms Suspended

3

3

2

21

23

29

Individuals Barred

227

269

246

348

386

492

Individuals Suspended

328

386

375

415

472

733

Advertisem*nts and Sales Communications Reviewed

66,085

66,276

64,841

69,651

75,071

79,941

Corporate Financing5,6,7202220212020201920182017

Total Public Offerings (FINRA Rule 5110)

1,398

2,901

2,304

1,604

1,524

1,553

Member Private Offerings (FINRA Rule 5122)

45

47

51

60

99

128

Private Placements of Securities (FINRA Rule 5123)

3,807

3,822

2,300

2,449

2,372

2,451


Key Industry Statistics

The data below are included in FINRA’s Industry Snapshot, which provides a high-level overview of the industry, ranging from the number of FINRA-registered individuals to the overall revenues of firms, and from trading activity to how firms market their products and services.

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Registered Representatives Statistical Review 2006- 2022

YearTotal Registered Reps
at End of Year
Individuals Leaving% of TotalIndividuals Entering% of Total

2022

620,882

-38,236

-6%

+46,683

+8%

2021

612,435

-43,893

-7%

+38,821

+6%

2020

617,549

-38,145

-6%

+31,032

+5%

2019

624,662

-44,103

-7%

+39,248

+6%

2018

629,517

-44,544

-7%

+43,810

+7%

2017

630,251

-46,276

-7%

+40,902

+6%

2016

635,625

-47,038

-7%

+43,221

+7%

2015

639,442

-43,772

-7%

+47,036

+7%

2014

636,178

-37,914

-6%

+46,604

+7%

2013

627,488

-43,647

-7%

+43,643

+7%

2012

627,492

-48,584

-8%

+49,009

+8%

2011

627,067

-45,776

-7%

+44,381

+7%

2010

628,462

-47,091

-7%

+44,649

+7%

2009

630,904

-72,864

-12%

+40,869

+6%

2008

662,899

-67,610

-10%

+60,715

+9%

2007

669,794

-55,269

-8%

+68,682

+10%

2006

656,381

-60,044

-9%

+62,709

+10%

Certain data presented here reflect minor adjustments from previously reported data due to technical database corrections.

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Member Firm Statistical Review 2006- 2022

YearTotal Firms at End of YearFirms Leaving% of TotalFirms Added% of Total

2022

3,378

-132

-4%

+116

+3%

2021

3,394

-150

-4%

+109

+3%

2020

3,435

-210

-6%

+128

+4%

2019

3,517

-206

-6%

+116

+3%

2018

3,607

-219

-6%

+100

+3%

2017

3,726

-205

-5%

+96

+3%

2016

3,835

-231

-6%

+123

+3%

2015

3,943

-244

-6%

+119

+3%

2014

4,068

-222

-5%

+144

+4%

2013

4,146

-249

-6%

+106

+3%

2012

4,289

-303

-7%

+137

+3%

2011

4,455

-294

-7%

+172

+4%

2010

4,577

-329

-7%

+189

+4%

2009

4,717

-341

-7%

+162

+3%

2008

4,896

-324

-7%

+218

+4%

2007

5,002

-312

-6%

+288

+6%

2006

5,026

-327

-6%

+247

+5%

Certain data presented here reflect minor adjustments from previously reported data due to technical database corrections.

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Member Firm Branch Offices Statistical Review 2006- 20228

YearTotal Branches at End of YearBranches Closed% of TotalBranches Opened% of Total

2022

150,647

-17,334

-12%

+18,094

+12%

2021

149,887

-20,847

-14%

+17,873

+12%

2020

152,861

-15,987

-10%

+14,941

+10%

2019

153,907

-17,979

-12%

+17,225

+11%

2018

154,661

-20,875

-14%

+19,569

+13%

2017

155,967

-21,797

-14%

+18,300

+12%

2016

159,464

-20,103

-13%

+18,175

+11%

2015

161,392

-18,296

-11%

+18,242

+11%

2014

161,272

-16,554

-10%

+17,522

+11%

2013

160,478

-19,382

-12%

+18,711

+12%

2012

161,149

-25,193

-16%

+25,939

+16%

2011

160,403

-24,863

-16%

+22,555

+14%

2010

162,711

-26,324

-16%

+22,336

+14%

2009

166,699

-37,727

-23%

+33,040

+20%

2008

171,659

-28,539

-17%

+28,912

+17%

2007

171,286

-29,705

-18%

+31,514

+19%

2006

169,477

-28,058

-26%

+91,288

+86%

Certain data presented here reflect minor adjustments from previously reported data due to technical database corrections.

1. Includes complaints directly reported by investors to FINRA.
2. Beginning in 2017, FINRA changed its methodology in compiling aggregate data for Actions Filed.
3. Fines billed by FINRA, excluding amounts billed by FINRA on behalf of another self-regulatory organizations, including the Municipal Securities Rulemaking Board.
4. Beginning in 2017, FINRA changed its methodology in compiling aggregate data for Firms Expelled.
5. FINRA Rule 5110 requires all public offerings in which a member participates to be filed with FINRA for review, except as exempted from the filing requirement under paragraph (h).
6. FINRA Rule 5122 requires firms that offer or sell retail private placements of their own securities or that of a control entity to file offering documents and information about the issuer, the offering and the selling firms before the documents are provided to investors, except as exempted from the filing requirements under section (C).
7. FINRA Rule 5123 requires firms that sell non-proprietary, retail private placements to file with FINRA's Corporate Financing Department within 15 calendar days of the date of first sale, offering documents and information about the issuer, the offering and the selling firms, except as exempted from the filing requirements under section (B).
8. The revised definition of “branch office” took effect on July 3, 2006 (NASD) and September 9, 2005 (NYSE). The Branch Office Registration System launched on October 29, 2005.

Statistics (2024)

FAQs

How many survey responses are enough? ›

As a very rough rule of thumb, 200 responses will provide fairly good survey accuracy under most assumptions and parameters of a survey project. 100 responses are probably needed even for marginally acceptable accuracy.

What is the minimum acceptable survey response rate? ›

What is a Good Survey Response rate. A good survey response rate is one that is above average and, based on some industry data, that would be anything above 25% and subject to having enough total responses.

Is 20 respondents enough for quantitative research? ›

If the research has a relational survey design, the sample size should not be less than 30. Causal-comparative and experimental studies require more than 50 samples. In survey research, 100 samples should be identified for each major sub-group in the population and between 20 to 50 samples for each minor sub-group.

What is a good response rate? ›

Factors that impact this include, how engaged your customers are with your brand, and whether you're delivering surveys in a way that's easy for them. Nevertheless, a good survey response rate ranges between 5% and 30%. An excellent response rate is 50% or higher.

What is a statistically valid sample size? ›

Most statisticians agree that the minimum sample size to get any kind of meaningful result is 100. If your population is less than 100 then you really need to survey all of them.

How much sample size is enough? ›

For populations under 1,000, a minimum ratio of 30 percent (300 individuals) is advisable to ensure representativeness of the sample. For larger populations, such as a population of 10,000, a comparatively small minimum ratio of 10 percent (1,000) of individuals is required to ensure representativeness of the sample.

Is 100 participants a good sample size? ›

Many statisticians concur that a sample size of 100 is the minimum you need for meaningful results. If your population is smaller than that, you should aim to survey all of the members. The same source states that the maximum number of respondents should be 10% of your population, but it should not exceed 1000.

How do you know if a survey is statistically significant? ›

We calculate statistical significance using a standard 95% confidence level. When we display an answer option as statistically significant, it means the difference between two groups has less than a 5% probability of occurring by chance or sampling error alone, which is often displayed as p < 0.05.

What is the statistically valid response rate? ›

This means that you need to survey a certain number of people to ensure your research results are statistically valid. A typical survey response rate goes from 5 percent to 30 percent, while a response rate of 50 percent or higher is considered excellent.

Why is 30 a good sample size? ›

Why is 30 the minimum sample size? The rule of thumb is based on the idea that 30 data points should provide enough information to make a statistically sound conclusion about a population. This is known as the Law of Large Numbers, which states that the results become more accurate as the sample size increases.

How to justify a small sample size? ›

In this overview article six approaches are discussed to justify the sample size in a quantitative empirical study: 1) collecting data from (almost) the entire population, 2) choosing a sample size based on resource constraints, 3) performing an a-priori power analysis, 4) planning for a desired accuracy, 5) using ...

Is it okay to have 50 respondents? ›

Over 90% of issues can be identified during the eye-tracking test within the sample size of 50 respondents or even smaller. You don't have to invest a lot of time and money in attracting a large number of respondents.

How many responses do I need for a survey to be valid? ›

Ideal versus minimum sample size formula

For example, if you're surveying a population that has 1000 people—and you want your confidence level to be 95 percent (with a 5 percent margin of error)—then the minimum survey sample size for statistical significance would be 278 responses.

What is the best response scale? ›

The most commonly used survey scale question is the Likert scale, named after its inventor Rensis Likert. The Likert scale asks the survey participants how much they agree or disagree on a statement. Typically, Likert scales use a 3-point or 5-point system, meaning there are three to five choices to pick from.

Is 30 respondents enough for a survey? ›

While 30 is a good starting point for sample size, it is important to note that the optimal sample size will vary depending on the specific statistical test being used, the desired level of confidence, and the amount of variability in the population.

What is a good number of respondents for a survey? ›

Many statisticians concur that a sample size of 100 is the minimum you need for meaningful results. If your population is smaller than that, you should aim to survey all of the members. The same source states that the maximum number of respondents should be 10% of your population, but it should not exceed 1000.

Is 300 respondents enough for a survey? ›

In general, the precision of an estimate is related to the square root of the sample size—in other words, to double the precision, the sample size must be quadrupled. As a general rule, sample sizes of 200 to 300 respondents provide an acceptable margin of error and fall before the point of diminishing returns.

Is 5 respondents enough for a survey? ›

It's often a good idea (for qualitative research methods like interviews and usability tests) to start with 5 participants and then scale up by a further 5 based on how complicated the subject matter is.

Is 10 respondents enough for qualitative research? ›

Yes, qualitative research often requires smaller but focused samples, so 10 respondents can be sufficient to conduct a qualitative study, focusing on in-depth understanding rather than large samples.

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