The wholly owned subsidiary of Belfast-headquartered Causeway Securities has been granted US Financial Industry Regulatory Authority (Finra) membership.
Finra is an independent, non-governmental organisation that writes and enforces the rules governing registered brokers and broker-dealer firms in the US.
The regulatory approval allows Causeway to engage in structured product distribution in the US market.
The firm said that the US structured product market has seen “significant growth in recent years in terms of sales volumes, number of products and market participants”.
Conor O’Donnell, chief executive of Causeway Securities, said: “We are delighted to gain Finra membership and are excited by the opportunity the US market offers. We look forward to bringing fresh ideas to the market and at the same time believe having a robust regulated presence both in the UK and the US will enhance our wider service offering.
“The structured product market in the US has experienced a renaissance in recent years with increased acceptance of their strategic portfolio value alongside equities and other asset classes. We believe there is room for further growth aided by increased concerns over volatility and rate increases.”
Causeway Securities is a Financial Conduct Authority (FCA) authorised broker specialising in structured investments and headquartered in Belfast, Northern Ireland, with presences in London, UAE, South Africa and now the US.
