What Verdica's 828 score means for Financial Services Firm 91
Financial Services Firm 91 in California received a composite score of 828 out of 850, placing it in the excellent band (800–850). This score reflects strong performance across regulatory compliance and disciplinary records, with a notable gap in the business profile dimension.
A score in the excellent range indicates that the firm has maintained clean regulatory standing and has not accumulated significant disciplinary actions on record with the SEC or FINRA. For consumers and business partners evaluating this provider, a score of 828 signals that the firm meets baseline regulatory expectations and has demonstrated compliance habits over the period covered by available data.
However, the composite score tells only part of the story. The firm's business profile sub-score of 760—while acceptable—is notably lower than its perfect regulatory scores. This suggests that while the firm's legal and compliance record is sound, other operational or business risk indicators may warrant closer examination before entering into a business relationship.
Two independent customer reviews are indexed for this firm, averaging 3.0 out of 5. This middle-range rating does not align with the excellent regulatory score, indicating a potential gap between compliance and customer experience. A small review sample size limits the statistical reliability of this metric, but the disparity is worth noting.
How the sub-scores break down
Registration & Compliance: 850. This perfect sub-score reflects that the firm holds current licenses and registrations required by California and federal regulators. A score of 850 in this dimension typically indicates no material lapsed licenses, no pending registration issues, and clean documentation with the SEC and FINRA. This is a foundational score; financial services providers must maintain active registration to operate legally, and a perfect score here confirms the firm cleared that bar.
Disciplinary History: 850. An equally perfect score in disciplinary history means the firm has no significant enforcement actions, fines, suspensions, or consent orders recorded in SEC or FINRA databases during the lookback period. This does not guarantee the firm has never been contacted by regulators or faced complaints, but it does indicate that no formal disciplinary outcomes were issued. A score of 850 reflects a clean slate on official record.
Business Profile: 760. This acceptable-range score is the weak point in the overall profile. Business profile sub-scores aggregate risk indicators such as operational size, customer complaint ratios, regulatory examination findings, and market conduct patterns. A score of 760 suggests the firm is operating within acceptable bounds but may carry operational risk factors—such as higher-than-typical complaint volumes, limited assets under management, or findings noted during regulatory exams—that do not rise to the level of formal discipline but do signal caution. This dimension is forward-looking and reflects potential vulnerabilities, not past violations.
What regulators in CA track for financial services providers
The SEC and FINRA maintain disciplinary databases that document formal actions against registered representatives, advisors, and firms. These actions typically involve violations of securities laws, anti-fraud rules, suitability requirements, or recordkeeping standards. High-risk violations include unauthorized trading, misrepresentation, failure to supervise, and theft or embezzlement.
California also enforces state-specific financial services laws under the Department of Financial Protection and Innovation (DFPI), which may issue cease-and-desist orders, license suspensions, or restitution orders.
Business risk indicators tracked by regulators include complaint-to-customer ratios, asset turnover, whether the firm operates under heightened examination cycles, and patterns of regulatory correspondence. These metrics feed into forward-looking risk scores and can flag firms with emerging operational issues before formal discipline occurs.
Bottom line
Financial Services Firm 91 holds a clean regulatory record and current licensing status, making it a lower-risk choice on compliance grounds alone. However, the notably lower business profile score and middling customer reviews suggest the firm warrants due diligence on operational practices, complaint handling, and service quality before committing to a business relationship.