Broker-dealer shrinkage: Closures rapidly outpacing new entrants
Number of B-Ds filing and withdrawing registration, May 2010-May 2011 Click column headers to sort…
Number of B-Ds filing and withdrawing registration, May 2010-May 2011
Click column headers to sort fields
| New | Withdrawn | |
|---|---|---|
| May 2010 | 13 | 19 |
| June 2010 | 12 | 26 |
| July 2010 | 12 | 13 |
| Aug 2010 | 13 | 38 |
| September 2010 | 16 | 14 |
| October 2010 | 16 | 21 |
| November 2010 | 19 | 31 |
| December 2010 | 17 | 23 |
| January 2011 | 20 | 46 |
| February 2011 | 16 | 49 |
| March 2011 | 21 | 40 |
| April 2011 | 16 | 17 |
| May 2011 | 12 | 18 |
| Totals | 190 | 336 |
| Source: Source: The Compliance Dept. | ||
12 Month rolling net loss: 151 firms
The Ratio (12 month rolling) of New firm formations vs. firms filing Broker-Dealer Withdrawals is 57%. (Read more about the B-D closings here.)
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