How To Check And Verify The Regulatory Status On The US SEC - Doo Prime News
Doo Prime News > Education > How To Check And Verify The Regulatory Status On The US SEC

Investor confidence can be affected by several factors, including market dynamics, stagflation, wars, politics and fraud. Unfortunately, fraud exists in any commercial sphere, and the investment market is no exception. Especially during the time of pandemic, fraudsters use times of uncertainty and change to lure victims into investment scams.  

Therefore, it is necessary to promote investor awareness on preventing frauds. For instance, to check whether the company is licensed by a proper regulatory body. It is the first thing to do when investors engage a new company, as licenses hold companies accountable for their activities and protect the public’s safety.  

As a global financial services group adhering to the core values of professionalism, integrity and accountability, Doo Prime’s holding company, Doo Group, always ensures the rights of its clients are well protected. Since its founding in 2014, Doo Group has been acquiring financial services licenses globally. All these licenses are issued by the world’s top performing regulatory bodies. In this article, Doo Group would like to share about the U.S. Securities and Exchange Commission (US SEC), the first federal regulator of the securities markets, and how to verify the regulatory status of Doo Group’s subsidiary on the US SEC Services Register. 

About The US SEC 

The U.S. Securities and Exchange Commission (US SEC) was founded in 1934 by the passage of the U.S. Securities Act of 1933 and the Securities and Exchange Act of 1934, in response to the stock market crash which led to the Great Depression in 1929, learn more: https://www.sec.gov/about/what-we-do. With more than 80 years of history, the main function of the US SEC is to protect investors by ensuring a fair, transparent and efficient financial market. It strives to make a positive impact on the economy and people’s lives in the United States.  

The strict requirements and supervision of the US SEC has also demonstrated Doo Group’s strength in obtaining the license issued by the world’s top regulator. 

In order to let its clients get an idea on how to check the legitimacy of a broker-dealer, Doo Group has prepared guidelines on the license verification procedures.  

How To Identify And Verify Financial Firms Regulated By The US SEC: 

You may perform the verification through a search on the US SEC Services Register. Let’s use Elish & Elish Inc. as an example here.  

Step 1: Please visit the US SEC Report official website at www.sec.report  

Step 2: Please click on “Company Search”. 

Step 3: You will be redirected to the “CIK – Central Index Key Search” page. 

Step 4: Please type Elish & Elish Inc’s Central Index Key number, 0000853720 into CIK number field and click on “Lookup CIK”. 

Step 5: The details of the company will be shown, such as regulated entity type, business address, business phone, mailing address, as below. 

Doo Group strictly follows the relevant rules and regulations to maintain the integrity of its operation. 

A properly certified financial services company will have these legal details shown and detailed on the US SEC Register when one performs the check. Apart from US SEC, Elish & Elish Inc. is also regulated by the Financial Industry Regulatory Authority (US FINRA).      

Doo Group will continue to strive and do its utmost to provide its global clients with safe, reliable and professional services. 

About Doo Group  

Doo Prime’s holding company, Doo Group, was established in 2014, currently headquartered in Singapore. After years of development, Doo Group has become a multi-faceted 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 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, the entities within Doo Group, according to their location and products, are regulated by many of the top global financial regulators, including, but not limited to, the United States Securities and Exchange Commission (US SEC) and Financial Industry Regulatory Authority (US FINRA), United Kingdom Financial Conduct Authority (UK FCA), the Australian Securities & Investments Commission (AU ASIC), the Hong Kong Insurance Authority (HK IA), the Hong Kong Customs and Excise Department (HK C&ED), the Hong Kong Companies Registry (HK CR), the Seychelles Financial Services Authority (SC FSA), Mauritius Financial Services Commission (MU FSC), and the Vanuatu Financial Services Commission (VU FSC). Doo Group has entities operating in various global locations, including Dallas, London, Sydney, Singapore, Hong Kong, Dubai, Kuala Lumpur as well as other regions.   

For enquiries and further information, please contact us:   

Hong Kong: +852 6701 2091   

Singapore: +65 6011 1736   

Email: [email protected]    

Forward-looking Statement      

This article contains “forward-looking statements” and may be identified by the use of forward-looking terminology such as “anticipate”, “believe”, “continue”, “could”, “estimate”, “expect”, “hope”, “intend”, “may”, “might”, “plan”, “potential”, “predict”, “should”, or “will”, or other variations thereon or comparable terminology. However, the absence of such terminology does not mean that a statement is not forward-looking. In particular, statements about the expectations, beliefs, plans, objectives, assumptions, future events, or future performance of Doo Group will be generally assumed as forward-looking statements.   

Doo Group has provided these forward-looking statements based on all current information available to Doo Group and Doo Group’s current expectations, assumptions, estimates, and projections. While Doo Group believes these expectations, assumptions, estimations, and projections are reasonable, these forward-looking statements are only predictions and involve known and unknown risks and uncertainties, many of which are beyond Doo Group’s control. Such risks and uncertainties may cause results, performance, or achievements materially different from those expressed or implied by the forward-looking statements.   

Doo Group does not provide any representation or warranty on the reliability, accuracy, or completeness of such statements. Doo Group is not obliged to provide or release any updates or revisions to any forward-looking statements.   

Risk Disclosure     

Trading in financial instruments involves high risks due to the fluctuation in the value and prices of the underlying financial instruments. Due to the adverse and unpredictable market movements, large losses exceeding the investor’s initial investment could incur within a short period of time. The past performance of a financial instrument is not an indication of its future performance.     

Please make sure you read and fully understand the trading risks of the respective financial instrument before engaging in any transaction with us. You should seek independent professional advice if you do not understand the risks disclosed by us herein.     

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. Any references to the past performance of a financial instrument, index, or a packaged investment product shall not be taken as a reliable indicator of its future results. 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.     

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