Doo
Financial HK Limited, a subsidiary of the Doo Group specializing in providing
CFDs for retail traders, has obtained the Type 1 (Dealing in Securities)
License from the Hong Kong Securities and Futures Commission (SFC). This authorization
allows the company to offer regional clients a comprehensive range of
securities trading services.
According
to today’s press release, Securing the Type 1 license involved rigorous
evaluation of Doo Financial’s business model, financial standing, corporate
governance, and personnel qualifications, underscoring the company’s commitment
to high compliance
Compliance
In finance, banking, investing, and insurance compliance refers to following the rules or orders set down by the government regulatory authority, either as providing a service or processing a transaction. Compliance concerning finance would also be a state of being following established guidelines or specifications. This designation can also encompass efforts to ensure that organizations are abiding by both industry regulations and government legislation. Understanding ComplianceCompliance is a
In finance, banking, investing, and insurance compliance refers to following the rules or orders set down by the government regulatory authority, either as providing a service or processing a transaction. Compliance concerning finance would also be a state of being following established guidelines or specifications. This designation can also encompass efforts to ensure that organizations are abiding by both industry regulations and government legislation. Understanding ComplianceCompliance is a
Read this Term standards.
With this
license, Doo Financial HK Limited is now authorized to execute securities
dealing transactions on behalf of clients, distribute securities, such as unit
trusts and mutual funds, act as a joint book-runner, and engage in placing and
underwriting activities.
“The
Hong Kong market is pivotal for Doo Group, presenting diverse strategic
opportunities,” the company commented. “With the acquisition
Acquisition
Acquisition means acquiring or taking possession or the securing of property, services, or abilities. To put it simply, it is the act or process of acquiring or gaining. You can acquire a work of art, you can acquire an ability such as speaking another language, you can acquire a business or shares in a company and you can acquire an accountant’s service. For example, you can acquire a new car. In a broad sense, Acquisition can mean the act of taking ownership or possession of something. There
Acquisition means acquiring or taking possession or the securing of property, services, or abilities. To put it simply, it is the act or process of acquiring or gaining. You can acquire a work of art, you can acquire an ability such as speaking another language, you can acquire a business or shares in a company and you can acquire an accountant’s service. For example, you can acquire a new car. In a broad sense, Acquisition can mean the act of taking ownership or possession of something. There
Read this Term of this
license, we are poised to expand our business sectors, providing investors with
a broader spectrum of financial services and facilitating the discovery of new
investment opportunities.”
Previously,
Doo Financial HK Limited had secured the SFC’s Type 4 (Advising on Securities)
and Type 9 (Asset Management) licenses, allowing the company to offer
investment consultation and asset management services. The addition of the Type
1 license complements these offerings.
Source: Doo Group
Doo Group Continues
Expansion
Obtaining
the SFC license follows the recent announcement of the company’s new office
opening in Dubai, solidifying its presence in key financial hubs
worldwide.
The Dubai
office will house a team of experts specializing in digital technology,
software development, and client support. This strategic move aims to cater to
the growing regional client base, providing tailored solutions and personalized
services to meet their unique needs.
In addition
to its newly established Dubai office, Doo Group has a strong presence across
multiple countries, including the United States, the United Kingdom, Cyprus,
Egypt, South Africa, Seychelles, Mauritius, Hong Kong, Thailand, Malaysia,
Singapore, Vanuatu, and Australia.
The group’s
brokerage platform has demonstrated visible growth, handling over $452.3
billion in trading volume during the first six months of 2023, representing an
annual increase of 39.4%. Furthermore, Doo Group’s trading platforms ended the
period with more than 130,000 active clients.
Doo
Financial HK Limited, a subsidiary of the Doo Group specializing in providing
CFDs for retail traders, has obtained the Type 1 (Dealing in Securities)
License from the Hong Kong Securities and Futures Commission (SFC). This authorization
allows the company to offer regional clients a comprehensive range of
securities trading services.
According
to today’s press release, Securing the Type 1 license involved rigorous
evaluation of Doo Financial’s business model, financial standing, corporate
governance, and personnel qualifications, underscoring the company’s commitment
to high compliance
Compliance
In finance, banking, investing, and insurance compliance refers to following the rules or orders set down by the government regulatory authority, either as providing a service or processing a transaction. Compliance concerning finance would also be a state of being following established guidelines or specifications. This designation can also encompass efforts to ensure that organizations are abiding by both industry regulations and government legislation. Understanding ComplianceCompliance is a
In finance, banking, investing, and insurance compliance refers to following the rules or orders set down by the government regulatory authority, either as providing a service or processing a transaction. Compliance concerning finance would also be a state of being following established guidelines or specifications. This designation can also encompass efforts to ensure that organizations are abiding by both industry regulations and government legislation. Understanding ComplianceCompliance is a
Read this Term standards.
With this
license, Doo Financial HK Limited is now authorized to execute securities
dealing transactions on behalf of clients, distribute securities, such as unit
trusts and mutual funds, act as a joint book-runner, and engage in placing and
underwriting activities.
“The
Hong Kong market is pivotal for Doo Group, presenting diverse strategic
opportunities,” the company commented. “With the acquisition
Acquisition
Acquisition means acquiring or taking possession or the securing of property, services, or abilities. To put it simply, it is the act or process of acquiring or gaining. You can acquire a work of art, you can acquire an ability such as speaking another language, you can acquire a business or shares in a company and you can acquire an accountant’s service. For example, you can acquire a new car. In a broad sense, Acquisition can mean the act of taking ownership or possession of something. There
Acquisition means acquiring or taking possession or the securing of property, services, or abilities. To put it simply, it is the act or process of acquiring or gaining. You can acquire a work of art, you can acquire an ability such as speaking another language, you can acquire a business or shares in a company and you can acquire an accountant’s service. For example, you can acquire a new car. In a broad sense, Acquisition can mean the act of taking ownership or possession of something. There
Read this Term of this
license, we are poised to expand our business sectors, providing investors with
a broader spectrum of financial services and facilitating the discovery of new
investment opportunities.”
Previously,
Doo Financial HK Limited had secured the SFC’s Type 4 (Advising on Securities)
and Type 9 (Asset Management) licenses, allowing the company to offer
investment consultation and asset management services. The addition of the Type
1 license complements these offerings.
Source: Doo Group
Doo Group Continues
Expansion
Obtaining
the SFC license follows the recent announcement of the company’s new office
opening in Dubai, solidifying its presence in key financial hubs
worldwide.
The Dubai
office will house a team of experts specializing in digital technology,
software development, and client support. This strategic move aims to cater to
the growing regional client base, providing tailored solutions and personalized
services to meet their unique needs.
In addition
to its newly established Dubai office, Doo Group has a strong presence across
multiple countries, including the United States, the United Kingdom, Cyprus,
Egypt, South Africa, Seychelles, Mauritius, Hong Kong, Thailand, Malaysia,
Singapore, Vanuatu, and Australia.
The group’s
brokerage platform has demonstrated visible growth, handling over $452.3
billion in trading volume during the first six months of 2023, representing an
annual increase of 39.4%. Furthermore, Doo Group’s trading platforms ended the
period with more than 130,000 active clients.