[Alpha Biz= Paul Lee] Toss Securities announced that its U.S. subsidiary, TSA Financial LLC (TSAF), has obtained a broker-dealer license from the Financial Industry Regulatory Authority (FINRA), enabling the company to directly broker U.S. stock trades.
According to the financial investment industry on August 3, TSAF received the license on June 18. TSAF was established in August last year as part of Toss Securities’ strategy to strengthen its overseas equity business.
With the FINRA license, Toss Securities plans to begin direct brokerage of U.S. stocks as early as the second half of this year. However, the company intends to maintain its existing partnerships with two U.S. brokerage firms to ensure trading stability during the transition period.
A Toss Securities spokesperson said the milestone marks a key step toward expanding global investment opportunities for Korean investors while enhancing service competitiveness in overseas stock trading.
Alphabiz Reporter Paul Lee(hoondork1977@alphabiz.co.kr)
