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Is it safe to invest on Vest?
Is it safe to invest on Vest?
Updated over 3 months ago

Yes, it is safe to invest on Vest, because your investments are handled by a US brokerage firm regulated by FINRA.

Securities trading is offered through Northbound Securities LLC, an affiliate of Northbound Group LLC, doing business as Vest.

Northbound Securities LLC is a member of the Financial Industry Regulatory Authority, Inc. (FINRA). FINRA is the U.S. institution that regulates the trading of stocks, bonds, options, futures, and corporate securities in the U.S. market. You can check the background of Northbound Securities on FINRA's BrokerCheck.

Northbound Securities LLC is also a member of SIPC. This means that the securities in your account are protected up to $500,000 (including $250,000 for cash claims). Explanatory brochure available upon request or at www.sipc.org.

It is worth mentioning that the SIPC does not protect against a decline in value of your securities, and is only involved in the event of bankruptcy of the brokerage firm.

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