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Torrey PInes Securities
United States
1990 (35 Years)
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Security Information
What are the differences in regulations for each
License
A Grade License
Issued by globally renowned regulators, these licenses ensure the highest trader protection through strict compliance, fund segregation, insurance, and regular audits. Dispute resolution and adherence to AML/CTF standards further enhance security.
B Grade License
Granted by respected regional regulators, these licenses offer robust safety measures such as fund segregation, financial reporting, and compensation schemes. Though slightly less strict than Tier 1, they provide dependable regional protection.
C Grade License
Issued by regulators in emerging markets, these licenses offer basic protections such as minimum capital requirements and AML policies. Oversight is less stringent, so traders should exercise caution and verify safety measures.
D Grade License
From jurisdictions with minimal oversight, these licenses often lack key protections like fund segregation and insurance. While attractive for operational flexibility, they pose higher risks to traders.
Company Information
Get to know Torrey PInes Securities
Company Information
Get to know Torrey PInes Securities
Headquartered in San Diego, Torrey Pines Securities is a high-tech brokerage and VC investment firm. TPS clears and executed trades through National Financial Service, LLC(NFS), a member of the New York Stock Exchange and SIPC. National Financial Services, LLC currently maintains custody of over $1.7 trillion in investor assets as of June 2008. NFS handles the delivery and receipt of securities purchased or sold by our clients, receives and distributes payments therefore, and maintains custody of all securities and funds once they are in possession and control. NFS receives and distributes dividends and other distributions, processes exchange offers, right offerings, warrants and tender offers and redemptions. NFS extends all credit to our margin accounts. NFS prepares all confirmations and monthly or quarterly statements. Securities in accounts carried by NFS, a Fidelity Investment Company, are protected by the Securities Investor Protection Corporation (SIPC) up to $500,000 (including cash claims limited to $100,000). NFS has arranged for additional insurance protection for cash and securities to supplement its’ SIPC coverage. This additional protection covers total account net equity in excess of the $500,000/$100,000 coverage provided by SIPC.
Industry
- Financial InsurancePRIMARY
- Financial Other Service
- Financial Wealth Management
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