Number of brokerages fell, registered rep total increased in 2022, Finra reports
Brokerages suffered financially during the market downturn last year, with net income and revenue falling sharply in 2022.
The number of brokerages that Finra regulates fell last year while the total number of registered representatives increased, according to statistics released Thursday by the broker-dealer self-regulator.
The Finra 2023 Industry Snapshot also shows that the aggregate net income in the brokerage in
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