Singapore based online brokerage firm Doo Group has announced that entities operating under its Doo Financial online brokerage brand have received new licenses from the British Virgin Islands Financial Services Commission (BVI FSC), and the Cayman Islands Monetary Authority (CIMA).
Doo Financial Fund Management (BVI) Limited (DF BVI), an entity of Doo Financial, has successfully obtained a license issued by the BVI FSC (Certificate of Approval for Investment Managers: IBR/AIM/24/2085). Doo Selected SPC Fund, also an entity company of Doo Financial, obtained a public fund license (public fund registration number: 2147585) issued by CIMA.
DF BVI is now authorised by the BVI FSC to act as an investment adviser or manager for private funds, professional funds or closed-end funds in accordance with regulation 9 of the Investment Business (Approved Investment Managers) Regulations 2012. Doo Selected SPC Fund said it will provide customers with flexible public fund management services under the supervision of CIMA, and seize potential investment opportunities in the international market while controlling risks.
The Doo Group operates several different online trading brands including Doo Prime, Doo Clearing, and Doo Financial. Doo Group is controlled by Chinese national Junjie Chen.
Doo Financial entities also hold regulatory licenses issued by the US Securities and Exchange Commission (US SEC), the US Financial Industry Regulatory Authority (US FINRA), the Australian Securities and Investments Commission (AU ASIC), the Hong Kong Securities and Futures Commission (HK SFC), the Labuan Financial Services Authority of Malaysia (MY Labuan FSA), the Monetary Authority of Singapore (SG MAS), and the Indonesian Commodity Futures Trading Regulatory Authority (BAPPEBTI), following the company’s recent acquisition of Prima Tangguharta Futures.
