Global Kapital Group (GKG), which operates multiple brokerage brands globally, announced on Wednesday that it has acquired a United States-based broker-dealer that is licensed by the Financial Industry Regulatory Authority (FINRA).
Per the press release shared with Finance Magnates, the group will commence its US operations under the SEC-registered entity, GK TRADE New York LLC. The licensed entity can legally onboard clients in the country and is allowed to offer trading services with securities and mutual funds.
Commenting on the big move, Gokhan Erkiralp, CEO at GK Group Brokerage, said: “The FINRA License opens new doors for our Group, and we believe creates new opportunities for investors. We have a proven track record of serving clients effectively in many different global markets and welcome the chance to bring our services.”
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Becoming a Global Broker
The group added the new license as a part of its strategy to expand its global reach through acquisitions and new licenses.
Last month, the brokerage group secured an Investment Dealer Licence granted by the Mauritius Financial Services Commission. In addition, it entered Australia with the acquisition of Fairmarkets Trading earlier this year.
Apart from the newly acquired licenses, the group is regulated in the United Kingdom, Malta, British Virgin Islands and Cambodia. It offers trading services to both retail and professional clients.
“Since 2020, Global Kapital Group has initiated a strategic journey to expand its international reach and introduce its products to an ever-increasing number of customers. We are excited that today the next step in our global growth strategy brings us into the world’s largest financial market,” Erkiralp added.