Tc2000 Brokerage is a broker-dealer based in Wilmington, NC, that holds a 86.0/100 Fidelon TransparencyScore (62nd percentile among broker-dealers), with 6 registered advisors. Score based on public SEC and FINRA filings.
Tc2000 Brokerage
Tc2000 Brokerage, INC. · CRD #155523
A broker-dealer with a clean regulatory record.
Fidelon Fact Sheet
Tc2000 Brokerage, INC. is a broker-dealer in Wilmington, NC. It used to be called Arrowhead Securities, INC. It has 6 registered advisors. It can earn commissions when it sells you a product. Its record shows no customer complaints, regulatory actions or fines.
Peer Context
1,014th of 2,687
broker-dealers
Top 38%
20th of 47
broker-dealers in NC
Top 43%
1st of 3
broker-dealers in Wilmington, NC
#1 ranked
How This Firm Works
Registration & Standard of Care
Broker-Dealer — this firm is a broker-dealer. Representatives may earn commissions on products they sell, held to a suitability standard rather than a fiduciary one.
How This Firm Gets Paid
- Representatives can earn commissions on product sales
Key Findings
Strengths
- Clean regulatory record — no disclosures, arbitrations, or fines
- TransparencyScore in the top 38% of broker-dealers
Things You Should Know
- Broker-dealer only — not legally required to put your interests first
Conflict Audit
Our analysis identified 1 potential conflict of interest in regulatory filings.
Source: Form ADV Part 1, Items 6-8; Part 2A, Items 10-14
Regulatory Track Record
0
Disclosures
Clean record — no disclosures found
$0
Total Fines
Clean record — no fines found
Regulatory Events
TransparencyScore Dimensions
Disclosure Record
Customer complaints, arbitrations, and fines. Frequency and recency matter.
92/100
Strong
Avg for broker-dealer firms: 69.2 | Top 10%: 92.6
Filing Quality
How clearly the firm describes services, fees, and investment approach in regulatory filings.
83/100
Strong
Avg for broker-dealer firms: 63.9 | Top 10%: 82.8
Conflict Disclosure
How openly the firm explains who pays it and what it's paid to sell. The conflict isn't the problem — hiding it is.
86/100
Strong
Avg for broker-dealer firms: 72.9 | Top 10%: 85.6
Enforcement History
Past actions taken by the SEC, FINRA, or state regulators, and how well the firm supervised its people.
87/100
Strong
Avg for broker-dealer firms: 76.7 | Top 10%: 86.5
Next Steps
Advisor Roster
6 advisors
| Advisor | CRD | Score | Grade |
|---|---|---|---|
| Chris Donald Worden | 6002733 | — | — |
| Joseph Barry Brunjes | 6329529 | — | — |
| Nathan James Porter | 6974477 | — | — |
| Grady Ryan Driver | 6709308 | — | — |
| Justin Stewart | 7216598 | — | — |
| Gary Bennett | 7307609 | — | — |
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Frequently Asked Questions
What does the TransparencyScore measure?
The TransparencyScore measures how clearly and completely an advisor or firm discloses important information in their regulatory filings — things like fees, conflicts of interest, disciplinary history, and business practices. A higher score means better disclosure quality, not better investment performance.
Where does this data come from?
All data comes from public regulatory filings: SEC Form ADV (Parts 1, 2, and 3), FINRA BrokerCheck, and the SEC's Investment Adviser Public Disclosure (IAPD) database. These are official filings that firms and advisors are legally required to submit.
Does a low score mean they're a bad advisor?
Not necessarily. A low score means the firm's public filings are less transparent — they may use vague language about fees, skip details about conflicts, or have a more complex regulatory history. Some excellent advisors work at firms with poor disclosure practices. The score measures the filing, not the person.
How often is this data updated?
Fidelon refreshes data from SEC and FINRA sources on a regular schedule. Form ADV filings are updated annually by firms (with amendments throughout the year), and BrokerCheck data is updated as events are reported. Scores are recalculated after each data refresh.
Can an advisor or firm improve their score?
Yes. Scores are based on what's in public filings. A firm that rewrites its ADV brochure in clearer language, discloses conflicts more specifically, or resolves outstanding regulatory issues will see its score improve at the next refresh. The incentive structure is intentional.
Data Sources
Scores are generated using Fidelon's published scoring methodology and reflect the quality of public disclosures, not the quality of investment advice. A firm that improves its disclosures will see its score improve. Fidelon does not provide investment advice.
Verify on SEC IAPD · FINRA BrokerCheck
Last scored: · Score version: 3.14 · CRD #155523