Company Information

Get to know New York Department of Financial Services

Created in 2011 through the merger of the New York State Banking and Insurance Departments, the New York State Department of Financial Services (DFS) supervises and regulates the activities of thousands of financial institutions with trillions of dollars in assets. Its mission is to reform financial services regulation to keep pace with industry evolution, guard against financial crises, and protect consumers and markets from fraud. DFS is responsible for the oversight of a wide range of entities, including banks, insurance companies, mortgage servicers, and virtual currency businesses (through its BitLicense framework).

Industry

Financial Legal ServicePRIMARY
Financial Banking
Financial Insurance

Contact

Social

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Reviews

Highlight Review

Review Analytic

goodbash3

Direct

Excellent

Overall Thought

The New York Department of Financial Services is an exceptional regulatory body, ensuring the highest standards of financial integrity. Their commitment to safeguarding consumer interests, promoting market stability, and enforcing regulatory compliance is commendable. With a dedicated team and forward-thinking approach, they play a pivotal role in maintaining a trustworthy financial environment, fostering confidence among businesses and consumers alike.

Aug 17, 2023

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New York Department of Financial Services

United States

Founded in

03 Oct 2011 (14 Years)

Founded

Last online: No recent activity

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OVERALL SCORE

Others

3/10

Reviews

50/90

14 reviews

Provided by TrustFinance

OVERALL SCORE

Others

3/10

Reviews

50/90

14 reviews

Provided by TrustFinance

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TrustFinance is not a licensed financial advisor and is not affiliated with any financial institutions in your region. We encourage you to do your own research before making any investment decisions.

Markets.com

(326 reviews)

United States

2008

(18 years)

Security Information :

FSCA

Security Information

Warning

This company is currently Unproved.

Please be cautious of the potential risks!

License

A Grade License

Issued by globally renowned regulators, these licenses ensure the highest trader protection through strict compliance, fund segregation, insurance, and regular audits. Dispute resolution and adherence to AML/CTF standards further enhance security.

B Grade License

Granted by respected regional regulators, these licenses offer robust safety measures such as fund segregation, financial reporting, and compensation schemes. Though slightly less strict than Tier 1, they provide dependable regional protection.

C Grade License

Issued by regulators in emerging markets, these licenses offer basic protections such as minimum capital requirements and AML policies. Oversight is less stringent, so traders should exercise caution and verify safety measures.

D Grade License

From jurisdictions with minimal oversight, these licenses often lack key protections like fund segregation and insurance. While attractive for operational flexibility, they pose higher risks to traders.

TrustFinance is not a licensed financial advisor and is not affiliated with any financial institutions in your region. We encourage you to do your own research before making any investment decisions.