Brokerage Industry Continues To Shrink

InvestmentNews.com is reporting that the number of FINRA-registered representatives was 629,544 in 2018, down from 630,273 in 2017. It was the third straight decline since 2016, when there were 639,457 registered reps.

In 2018, there were 3,607 brokerage firms registered with the Financial Industry Regulatory Authority Inc. That total was down from 3,726 in 2017 and marked the fourth time since 2014 — when 4,067 firms were registered — that the number declined.

from The Securities Law Home Page – SECLaw.com