Mercurity Fintech Holding Inc. announced on November 22, 2024, that its wholly-owned subsidiary, Chaince Securities Inc., received approval from the Financial Industry Regulatory Authority (FINRA) for the change in ownership of J.V. Delaney & Associates (JVDA). JVDA is a fully licensed broker-dealer established in 1982, and this approval was granted pursuant to a continuing membership application under FINRA Rule 1017.
This decision authorizes the next steps in finalizing Chaince Securities’ acquisition of 100% ownership of J.V. Delaney & Associates. The acquisition aligns with Mercurity Fintech’s strategic vision to integrate innovative digital finance with traditional financial services.
Chaince Securities will continue to operate within the parameters of JVDA’s existing approved business activities, which include broker or dealer retailing corporate equity securities, underwriter or selling group participant for best efforts offerings, U.S. government securities brokerage, and private placements of securities. This expansion of capabilities is a key step in the company's growth strategy.
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