Toss Securities has begun its advancement into the U.S. financial market. The company's subsidiary, 'TSAF (TSA Financial),' announced on the 4th that it received new member approval (NMA) from the Financial Industry Regulatory Authority (FINRA) on June 18 and was officially registered as a U.S. broker-dealer.
With this license acquisition, Toss Securities is now qualified to directly perform overseas stock transaction services in the U.S. market. This will enhance the stability of overseas stock transactions and strengthen the real-time monitoring system, providing a reliable investment environment.
To respond to the growing demand for overseas stock investment and to strengthen service competitiveness, Toss Securities established its U.S. subsidiary, Toss Securities Americas, and its subsidiary TSAF last August. After undergoing preparations for broker-dealer registration, it obtained FINRA approval in the first half of this year.
Toss Securities has started operational tasks necessary for the launch of services, such as hiring local personnel and building system infrastructure, and plans to begin direct brokerage services in the U.S. through TSAF as early as the third quarter.
Kim Gyu-bin, CEO of Toss Securities, said, "Acquiring the U.S. broker-dealer license is an achievement that recognizes our global service capability and internal control system as meeting international standards," and added, "We will continue to enhance our overseas brokerage expertise to become a global investment platform that customers can trust."
Rich Hagen, CEO of TSAF, noted, "Based on our extensive understanding and experience of the U.S. market and regulatory environment, we will serve as a bridge for Toss Securities' global business while continuously discovering new growth opportunities."