Independent broker-dealer exits: March 2010-present

Based on InvestmentNews reports

Feb 28, 2011 @ 1:05 pm (Updated 3:03 pm) EST

Firm (click to read full story)Main officeDate firm terminated or withdrew Finra registrationEstimated # of repsYears in business
Provident Asset Management LLCTexasMarch 2010502
GunnAllen Financial Inc.FloridaApril 201040024
Private Asset Group Inc. CaliforniaApril 2010N/A4
AFA Financial Group LLCCaliforniaApril 20101007
Nationwide Securities LLCOhioApril 20102003
MICG Investment Management LLCVirginiaMay 20104010
Cullum & Burks Securities Inc. TexasMay 201010012
Okoboji Financial Services Inc. IowaMay 20102022
Jesup & LamontNew YorkJune 201030015
Chicago Investment GroupIllinoisJuly 2010908
Great American Advisors Inc.OhioJuly 201050017
United Equity Securities LLCTexasAug. 20106016
Brewer Financial Services Inc.IllinoisOct. 2010876
Matheson Securities LLCFloridaJan. 2011N/A6
QA3 Financial Corp.NebraskaFeb. 201140030
Securities Network LLCGeorgiaMarch 2011N/A7
Omni Brokerage Inc.UtahApril 20115026
Harrison Douglas Inc.ColoradoMay 2011N/A15
WFP Securities Corp. CaliforniaMay 2011N/A24
Meadowbrook Securities LLC (Investlinc Securities LLC)MississippiJune 2011N/A10
CapWest Securities Inc.ColoradoJuly 20115020
Boogie Investment Group Inc.FloridaSept. 2011N/A6
Workman Securities Corp.MinnesotaOct. 201110021
Ensemble Financial Services Inc.1New YorkDecember 201185N/A
Pacific West Securities Inc.WashingtonMarch 201229040
Brookstone Securities Inc.FloridaJune 20121987
Milkie/Ferguson Investments Inc.TexasJuly 20124026
DeWaay Financial Network LLCIowaNov. 2012 2N/A6

N/A = not available. 1Only B-D operations will be shuttered. RIA unit will remain open. 2Termination requested. This list includes the most notable independent-broker-dealer exits as of November 2012. InvestmentNews acknowledges that it is not possible to include all shuttered firms.

Sources: Finra BrokerCheck, InvestmentNews and other published reports