CAPITAL Definition & Meaning
The number of FINRA registered broker-dealers decreased 1.5% Y/Y to 3,249 in 2024. Gross revenues for FINRA registered broker-dealers totaled $641.0 billion, +5.9% Y/Y, while total expenses increased 2.4% Y/Y to $565.2 billion. As such, pre-tax net income was $75.8 billion in 2024, +41.3% Y/Y. Financial products, including investment funds and structured investments, are complex …