The best interests of our clients are behind every decision we make, and we work hard to protect you and your assets in a variety of ways. Whether it's committing to technology designed to protect your information, engaging in ongoing and frequent security training, or simply following best practices in our day-to-day interactions, everyone at DriveWealth works hard to earn and maintain your trust.
Each account at DriveWealth is subject to safeguards put in place by the U. S. Securities and Exchange Commission (SEC), the Financial Industry Regulatory Authority (FINRA), the U.S. government, and other organizations who oversee the financial industry and investor protection. Additionally, Drivewealth is a member of the Securities Investor Protection Corporation (SIPC), which means your cash and securities are protected up to $500,000 (including up to $250,000 cash) in the case of firm failure. Please note, SIPC does not protect against gains and losses from market fluctuation. You can read details about SIPC protection on their website.
Our regulator, FINRA, explains what happens if a brokerage firm fails. Please read their article and feel free to follow up with any questions you may have after reading that information.