Doo Group Entities Holds Financial Licenses Worldwide, Ensuring Security Of Client’s Funds - blog

After years of development, Doo Group proudly stands as a financial services group with financial technology as its core, providing trading and asset management services for over 20,000 financial products such as Securities, Futures, CFDs, and Funds to global individuals as well as institutional clients. The Group helms multiple sub-brands such as Doo Prime, Doo Clearing, Doo Financial and many more, with each of them focusing on specific financial market segments.

To ensure safe, reliable, professional services and convenience to our clients, Doo Group’s entities are strictly regulated by several top global financial regulators, including the United States Securities and Exchange Commission (SEC) and Financial Industry Regulatory Authority (FINRA), United Kingdom Financial Conduct Authority (FCA), the Australian Securities and Investments Commission (ASIC), the Seychelles Financial Services Authority (FSA), Mauritius Financial Services Commission (FSC), and the Vanuatu Financial Services Commission (FSC).

1. United States Securities and Exchange Commission (SEC)

U.S. broker-dealer Elish & Elish Inc. (wholly owned by Doo Financial Holding US Limited), was authorized by the Securities and Exchange Commission (SEC) in 1989 as a Broker-Dealer with the regulatory number SEC:8-41551. The SEC is an independent federal government regulatory agency, empowered to regulate and oversee the U.S. securities markets.

The SEC was established in 1934 under the Securities Exchange Act of 1934 as an independent quasi-judicial agency directly under the U.S. federal government with quasi-legislative, quasi-judicial, and independent enforcement powers to oversee and regulate securities in the United States.

2. Financial Industry Regulatory Authority (FINRA)

U.S. brokerage firm Elish & Elish Inc. (wholly owned by Doo Financial Holding US Limited) was authorized by FINRA in 1989 under the regulatory number CRD:24409. FINRA as a government-authorized non-profit organization protects the interests of investors by ensuring the securities industry operates fairly and transparently.

FINRA was established in 2007 by the merger of the National Association of Securities Dealers (NASD) and the member regulation, enforcement and arbitration operations of the New York Stock Exchange (NYSE). FINRA, is the largest independent regulator of companies engaged in the securities business in the United States.

FINRA issue licenses to companies or individuals that provide financial services, establishes codes of conduct, oversee their compliance with regulations, and regulates the firms and individuals under the supervision of the Securities and Exchange Commission (SEC).

3. United Kingdom Financial Conduct Authority (FCA)

Doo Clearing Limited is licensed by the Financial Conduct Authority (FCA), United Kingdom in 2019 under the regulatory number FRN:833414. The FCA requires licensed firms to have adequate systems or measures to ensure strict segregation of client and company funds, to safeguard clients’ funds and assets.

FCA was established on April 1, 2013, and is based in London, UK. Formerly known as the Financial Services Authority (FSA), FCA took over FSA’s responsibility for the regulation of the conduct of the UK financial markets and prudential duties associated with it. The financial regulatory body is committed to creating a good financial market order for individuals, big and small businesses and economies. FCA aims to promote efficient as well as fair trading conduct in the markets.

In global regulation, FCA is known for its stringent regulatory conditions. Companies that hold an FCA-regulated license are authorized to offer regulated products and services to customers and to operate licensed financial services activities under the regulatory requirements.

4. Australian Securities and Investments Commission (ASIC)

Doo Financial Australia Limited was granted an Australian Financial Services (AFS) license by the Australian Securities and Investments Commission with the regulatory number 222650. AFS licensees are authorized to conduct financial services business in Australia.

The Australian Securities and Investments Commission (ASIC) is the statutory regulator of financial services and markets in Australia and is independent in its regulatory functions in relation to companies, investment practices, financial products and markets.

5. Seychelles Financial Services Authority (FSA)

Doo Prime Seychelles Limited was granted as a securities dealer license by the Seychelles Financial Services Authority in 2021 with the regulatory number SD090. Doo Prime Seychelles Limited is authorized to carry on business dealing in securities on a principal or agency basis.

The Seychelles Financial Services Authority (FSA) is the autonomous regulator of non-bank financial services in Seychelles and is responsible for supervising and regulating the compliance of non-bank financial services business in Seychelles.

6. Mauritius Financial Services Commission (FSC)

Doo Prime Mauritius Limited was authorized as an Investment Dealer by the Mauritius Financial Services Commission (FSC) in 2020 with the regulatory number C119023907. FSC provides protection to members of the public investing in non-banking financial products and ensures the integrity, as well as stability, of the financial system in Mauritius.

Established in 2001, the FSC is the integrated regulatory body for the non-bank financial services sector and global operations. FSC is mandated under the Financial Services Act 2007 that authorizes, regulates, and supervises the activities of the industry under various statutes such as the Securities Act 2005. It aims to promote the development, fairness, efficiency, as well as transparency of financial institutions and capital markets in Mauritius while combating crime and malpractice.

7. Vanuatu Financial Services Commission (FSC)

Doo Prime Vanuatu Limited was authorized as a Financial Dealer by the Financial Services Commission of Vanuatu (FSC) in 2020 the regulatory number 700238.

The Vanuatu Financial Services Commission (FSC) was established in 1993, with the aim of:

regulating financial services providers such as investment and credit businesses,
promoting the development of the financial services industry in Vanuatu,
promoting the infrastructure of the financial center, and
maintaining the reputation, as well as the integrity of the financial center.

Doo Group Continues To Provide Safe, Reliable And Trusted Services Under Top Global Regulations

Currently, Doo Group and its affiliates – Doo Prime, Doo Clearing and Doo Financial are regulated by:

United States Securities and Exchange Commission (SEC), Regulatory Number SEC:8-41551
Financial Industry Regulatory Authority (FINRA), Regulatory Number CRD:24409
United Kingdom Financial Conduct Authority (FCA), Regulatory Number FRN:833414
Australian Securities and Investments Commission (ASIC), Regulatory Number: 222650
Seychelles Financial Services Authority (FSA), Regulatory Number: SD090
Mauritius Financial Services Commission (FSC), Regulatory Number: C119023907
Vanuatu Financial Services Commission (FSC), Regulatory Number: 700238

Under the regulation of various top global financial regulators, the entities under Doo Group strictly follows the relevant legal requirements of different regions to ensure the legal rights, as well as the interests, of each client in trading transactions. Clients are essentially protected by professional third-party institutions.

This is also to ensure the safety and rights of clients’ assets are treated fairly and honestly. Doo Group will continue to provide safe, reliable, professional and convenient trading brokerage and asset management services to our clients as well as to serve investors worldwide.

About Doo Group

Doo Group established in 2014, currently headquartered in Singapore. After years of development, Doo Group has become a financial services group with financial technology as its core. With multiple sub-brands such as Doo Clearing, Doo Financial, Doo Prime, FinPoints and more, Doo Group is committed to provide trading brokerage and asset management services for over 20,000 financial products such as Securities, Futures, Forex, CFDs and Funds to global individual and institutional clients.

Currently, Doo Group entities are strictly regulated by many top global financial regulators, including the United States Securities and Exchange Commission (SEC) and Financial Industry Regulatory Authority (FINRA), United Kingdom Financial Conduct Authority (FCA), the Australian Securities and Investments Commission (ASIC), the Seychelles Financial Services Authority (FSA), Mauritius Financial Services Commission (FSC), and the Vanuatu Financial Services Commission (SFC), with operating centres in Dallas, London, Sydney, Singapore, Hong Kong, Dubai, Kuala Lumpur and other regions.

For enquiries and further information, please contact us:

Visit us at www.doogroup.com

Hong Kong: +852 6701 2091

Email: [email protected]

DISCLAIMER

This information is addressed to the general public solely for information purposes and should not be taken as investment advice, recommendation, offer, or solicitation to buy or sell any financial instrument. The information displayed herein has been prepared without any reference or consideration to any particular recipient’s investment objectives or financial situation. Past performance of an investment is not an indication of its performance in the future. Doo Group makes no representation and warranties to the information displayed and shall not be liable for any direct or indirect loss or damages as a result of any inaccuracies and incompleteness of the information provided. Doo Group shall not be liable for any loss or damages as a result of any direct or indirect trading risks, profit, or loss associated with any individual’s investment.