Trading protection and regulations
What is SIPC?
DriveWealth LLC is a member of the Securities Investor Protection Corporation (SIPC). SIPC currently protects the securities in your Investment account up to $500,000. The SIPC doesn’t protect against the market risks associated with investing.
What is FINRA?
The Financial Industry Regulatory Authority (FINRA) is an independent, non-governmental organisation that writes and enforces the rules governing registered brokers and broker-dealer firms in the United States. FINRA's stated mission is 'to safeguard the investing public against fraud and bad practices'. It’s considered a self-regulatory organisation.
What is the SEC?
The US Securities and Exchange Commission (SEC) is an independent federal government regulatory agency responsible for protecting investors, maintaining fair and orderly functioning of the securities market, and facilitating capital formation.