New Delhi: Vested Finance, an investment platform that enables Indians to invest in US markets, through its affiliated entity, VF Securities, has acquired a FINRA-registered US broker-dealer.
Vested is the only fintech platform operating in India that has received a license from FINRA, the regulatory body for brokers and dealers in the United States.
FINRA is regulated and audited by the Securities and Exchange Commission (SEC). The organization is dedicated to protecting investors and safeguarding market integrity in a way that facilitates a vibrant capital market.
A government-authorized non-profit organization, it oversees over 624,000 brokers across the country and ensures that the industry performs fairly and honestly.
Having a broker-dealer license has the following benefits for vested investors.
Investments through the Vested Platform are now subject to US broker-dealer regulations: Investments through the Vested Platform are always covered under Securities Investor Protection Corporation (SIPC) insurance through its clearing firm, DriveWealth, and Securities and Exchange Commission jurisdictions has gone. Now that Vested is a US broker-dealer, securities investment through the Vested platform is also subject to US broker-dealer regulations.
Investors can now access over 5,000 stocks and ETFs through Vested: Till now, investors were able to invest in 1,500+ stocks and ETFs through Vested platform, but with this license, they can now access more than 5,000+ securities. Can gain access to the wider universe. Implied. To gain access to all these securities, vested users with an existing ‘Classic’ account may update to an ‘All-Access’ account free of charge.
Veeram Shah, Co-Founder and CEO, Vested Finance, said, “First of all, the broker-dealer license helps us to build deeper trust with our clients as investors on our platform now know that they are eligible for such an entity. investment through a channel that regulates both. As an RIA and a broker-dealer in the US. US regulations ensure that investors can participate in the market with confidence. In addition, investors will now have access to a wider range of securities on our platform which gives them greater investment options.”
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