The Financial Commission (FinaCom), an independent self-regulatory compliance specialist for the financial services industry, has welcomed its newest member firm today with addition of DLS to its growing existing membership, according to a FinaCom statement.
DLS is managed by Dragon Leader Services Ltd and is a provider of foreign exchange and binary options services in Asia – the group has established multiple service centers across the Asia-Pacific (APAC) region. The company itself is based out of Australia, holding a principal’s license in the Republic of Vanuatu.
Legal Risk Factor Beneath Ripple’s Lawsuit from SECGo to article >>
The group is the latest constituent to FinaCom’s membership, having gained official status as a member of the organization with immediate effect. The Financial Commission exists as an industry-focused dispute resolution service, with its Dispute Resolution Committee (DRC) acting as its paramount regulatory body. The DRC is staffed by executives from leading companies in the financial services industry with the aim of resolving trader-broker conflicts.
Following a robust approval process, DLS gained its membership as a category A member of the Financial Commission, which took effect last week on September 23, 2016. As such, the group’s customers will be entitled to all related membership benefits, which includes neutral third party resolution services for clients.
According to the Financial Commission Chairman Peter Tatarnikov in a recent statement on the membership: “We are proud to welcome DLS as our newest member and pleased to see new brokers continuing to join the Financial Commission. When firms become members of Financial Commission they demonstrate their commitment to self-regulatory efforts and participation with industry associations, in addition to any regulatory statuses they may have obtained.”
“We are happy to welcome DLS to our organization today as a category A member and believe it will help the firm and their clients as the company continues to expand,” he added.