Vested Finance Confirms Regulatory Status Amid Stockal Trading Allegations

Vested Finance announced that its US-registered broker-dealer, VF Securities Inc., is a direct member of the Financial Industry Regulatory Authority and the Securities Investor Protection Corporation. This statement was made amid allegations by nearly 30 Stockal investors that their US stock holdings were liquidated without consent on October 15, resulting in losses exceeding Rs 100 crore. Stockal's parent company, Borderless Investing, acknowledged that an unauthorized third party accessed 26 customer accounts using valid login credentials, though its investigation found no evidence of a platform breach.

The confirmation of direct membership in the Securities Investor Protection Corporation and the Financial Industry Regulatory Authority highlights the investor protection layers available to clients. This comes as the industry faces scrutiny following the unauthorized trading incident at Stockal, which involved the sale of large-cap US stocks and the purchase of thinly traded microcap securities.