Is my money safe from fraud?
Securities regulations are designed to protect clients’ funds and fully paid for securities when they are in custody at a registered broker-dealer. The Securities Exchange Commission (SEC) is an agency of the U.S. government that oversees the Financial Industry Regulatory Authority (FINRA), which in turn oversees broker-dealers, clearing firms and the financial advisor.
All of our clients’ money is held with a third-party custodian. That custodian is First Clearing. First Clearing holds client assets for firms such as Morgan Stanley and Wells Fargo, among others. First Clearing insures the assets held against fraud.