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State Misconduct Data

The file contains the state level misconduct rankings as of 2015 as constructed in Egan, Matvos, Seru (2017).  We calculate the incidence of misconduct among all Registered Representatives/Brokers at the state level as of 2015. The misconduct rate is defined as the percentage of Registered Representatives who have a record of past misconduct.

County Misconduct Data

The file contains the county level misconduct rankings as of 2015 as constructed in Egan, Matvos, Seru (2017).  We calculate the incidence of misconduct among all Registered Representatives/Brokers at the county level as of 2015 among those counties with at least 100 Registered Representatives. The misconduct rate is defined as the percentage of Registered. Representatives who have a record of past misconduct.

Firm Misconduct Data

The file contains the firm level misconduct rankings as of 2015 as constructed in Egan, Matvos, Seru (2017).  We calculate the incidence of misconduct among all Registered Representatives/Brokers at the firm level as of 2015. The misconduct rate is defined as the percentage of Registered Representatives who have a record of past misconduct. Firms are identified by their CRD registration number. Note that firms with distinct CRD numbers can share a same parent company.